Does Investing Experience (stock market) matter for IBD?O
I'm going to be a junior and have never invested in the stock market or anything else before. Will this be a concern for IBD recruiting? I do however have a decent amount of macroeconomic knowledge and did Fed Challenge (US finalists) in high school so I know a lot about the Fed and stuff.
On another note, I read Buffet's strategy on intrinsic value investing. Given the Dow's nosedive in recent weeks, is this a good time to BuyBUYBUY as everyone else runs away due to herd mentality? I'm looking to invest my $3000 summer wage in something like Coca-Cola or something via Scottrade. Good experience or waste-of-money (since any gains on this amount will be cut into severely by commission alone?)