MONEY MONDAYS
with Andrell D. Harris
The LSherie Alert, LLC welcomes you to another edition of Money Mondays, a financial wellness conversation to help build your financial wealth with financial guru, Andrell D. Harris. Money Mondays was created to share financial wisdom, tips, and other suggestions for you to follow. Andrell is an accomplished businessman, investor, philanthropist and lover of Jackson State University. Why are we doing this? Why not? Millions of people including myself are looking for ways to increase our finances, learn the tricks of the trade, become active in stock and investments and so much more. The purpose of learning is sharing what’s been learned to help others.
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INVESTING IN STOCK 101
“C” in Jackson, Mississippi Asks:
“What would you suggest for beginner wanting to invest in the stock market? Stocks or Mutual Funds? What is a great amount for your first investment?”
For a beginner who wants to get involved in investing I would encourage the individual to assess their risk tolerance. If you want the “high risk, high reward” factor I would say stocks, if you don’t like risk I would suggest mutual funds. Both investments are driven by movements in the stock market, mutual funds have less implied risk because this investment vehicle spreads the risk around to multiple stocks that essentially determine if the mutual fund does well or not. If you are buying individual stock companies with tons of cash and low price to earnings ratios you will be fine in most cases. These are stocks like AAPL, WMT, T, VZ, BP, MO, and GM. These are stocks that I love in their perspective fields, I am not telling you to buy these do your own due diligence before buying any stocks.
As far as the amount for investing, it depends on your strategy. In my opinion I think that $500 is the least that I would want to put in the stock market. Keep in mind that whatever you put in the stock market needs to be money that you don’t mind giving up for at least five years. The stock market is cyclical so there is a chance that the market could fall after investing, there is also a chance stocks could go much higher. To avoid excessive upfront risk be prepared to put the money that you are investing away for at least five years. Good luck investing, the stock market will change your life…it changed my Financial Life!
Blessings and Love,
Andrell D. Harris
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Money Mondays will be RIGHT HERE every Monday on www.TheLSherieAlert.com
TOPIC #6| TBA
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WORD ON THE STREET
Andrell D. Harris is a successful financial planner, living in the big city, but still mindful of his Jackson home. A JSU superstar, Andrell has started a Money Monday series. All are welcome. Click the graphic for details. Way to go Andrell. Unknown the Jackson State Tigers are proud. – Jeff Good
Follow Andrell D. Harris for financial tips that will get you where you need to be. Real world. Real talk. Don’t miss out. – Yolanda Owens
Jackson, come and Get your financial literacy game up with this young man that has been making waves with his investment strategies and philanthropy…. – CJ Lawrence, Esq.
In today’s economy, it’s important that we learn how to not only save money, but also how to invest and make money! I don’t trust too many people when it comes to the little money that I have for now, but there is one person I do and that’s my former classmate and college roommate Andrell Harris. Andrell has been a successful business owner since he was a teenager and has since become an even greater business man. Following him and getting sound advice in regards to things such as investing, saving, purchasing, etc would be a VERY wise move for you and your family! – Jay Jeraude
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CONNECT WITH ANDRELL
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Submit All Questions | InvestOurDollars@gmail.com
