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You need to do a lot more research for stocks. Sure, banks have recovered but you have to look back months or years to notice the drop when it happens. Banks might still go higher, you need to look into their price history, read their financial statements each quarter (most coming out in early Devcember) to see if they're still doing ok. I think they are. And, bank stocks are fantastic for dividends even if the price is stable.
I would start with GICs, particularly market-linked GICs, then move into mutual funds or ETFs. You should leave individual stocks for later when you have some experience under your belt. Individual stocks carry the most risk because they're so specific, start with more general or diversified investments. |
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