Do This Before You Buy That Stock!

Today, Fool.com finance analysts Anand Chokkavelu and Matt Koppenheffer look at the one thing all investors need to do before they buy a stock: make sure they can afford it.

Matt and Anand are reacting to a report they read indicating that 41% of Americans have less than $500 readily available in savings. While we all may worry about making the best investments possible, many of us should probably take a step back and ask ourselves whether we're in a position to be dedicating any meaningful portion of our capital to something like investments.

See more in the following video.

If you do find yourself in a position to start dedicating more money to your investments, then you should read more about the most-discussed bank out there, check out our in-depth company report on Bank of America. The report details Bank of America's prospects, including three reasons to buy and three reasons to sell. Just click here to get access.

Anand Chokkavelu has no positions in the stocks mentioned above. Fool contributor Matt Koppenheffer owns shares of Bank of America. The Motley Fool owns shares of Bank of America, Citigroup, and Wells Fargo. Motley Fool newsletter services recommend Wells Fargo. Try any of our Foolish newsletter services free for 30 days. We Fools don't all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.


Read/Post Comments (0) | Recommend This Article (2)

Comments from our Foolish Readers

Help us keep this a respectfully Foolish area! This is a place for our readers to discuss, debate, and learn more about the Foolish investing topic you read about above. Help us keep it clean and safe. If you believe a comment is abusive or otherwise violates our Fool's Rules, please report it via the Report this Comment Report this Comment icon found on every comment.

Be the first one to comment on this article.

Sponsored Links

Leaked: Apple's Next Smart Device
(Warning, it may shock you)
The secret is out... experts are predicting 458 million of these types of devices will be sold per year. 1 hyper-growth company stands to rake in maximum profit - and it's NOT Apple. Show me Apple's new smart gizmo!

DocumentId: 2071988, ~/Articles/ArticleHandler.aspx, 9/2/2014 12:58:26 AM

Report This Comment

Use this area to report a comment that you believe is in violation of the community guidelines. Our team will review the entry and take any appropriate action.

Sending report...


Advertisement