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<a href="http://www.accessmylibrary.com/article-1G1-132059373/going-nothing-into-solid.html" title="Facts and information about Going From Nothing Into Solid Investing; STARTING OUT; Strategy might include opening 401(k) account and trimming expenses.(SERIES: THE NEW INVESTOR)(IBD SPECIAL REPORT)">Going From Nothing Into Solid Investing; STARTING OUT; Strategy might include opening 401(k) account and trimming expenses.(SERIES: THE NEW INVESTOR)(IBD SPECIAL REPORT)</a>
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Going From Nothing Into Solid Investing; STARTING OUT; Strategy might include opening 401(k) account and trimming expenses.(SERIES: THE NEW INVESTOR)(IBD SPECIAL REPORT)
Byline: MURRAY COLEMAN
The younger you start, the better chance you'll have of building a nest egg for retirement.
But what if you don't have a lot to tuck away?
A couple of options exist. One is to start by figuring out a stock or two you might want to track.
How do you pick the right one?
"If you've got a long-term investment horizon, you need to start by looking at growth names," said Mike Doran, president of Sierra Capital Planning, who manages $28 million in stock assets for clients.
Develop a plan and stay focused, he adds.
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