Updated: Apr 11
It's easy as 1, 2, 3 Here is how to get started!
There are many brokers that you can utilize to start your investing journey. You'll want to compare each and identify which works for your situation.
Selecting a Broker
If you just want to start investing with as little as $5 and start right away with commission free trading download the Robinhood app.
The Robinhood app is the best way to start your investing journey. You simply download to your mobile phone, complete the signup and fund your account. The best part of Robinhood is that you don't have to pay for a buy or sell trade like most other brokers with fancier tools. As you determine you want fancier tools for your investing journey you can then research other brokers and all the great knick knacks they have such as enhanced technical or fundamental analysis tools.
You can use market research sites
There are additional sites such as the ones listed below where you can conduct your enhance technical and fundamental research without singing up for a broker and pay commissions for those tools. Here are a few my friends and I use:
Below you'll find the step by step process on how to invest and remember you don't have to go it alone we have FREE help and live assistance at no charge to you for the first session.
Now if you need additional education there is a reasonable charge or we just ask for a donation right now, and that of course is to pay our financial advocates and continue to develop resources and tools to help others like you!
The best time to start investing is now
It doesn't matter that you are starting late just take action today!
Other great tools that the team here utilizes is Mint.com for budgeting, tracking your expense and income, and your credit score. The great thing about Mint is that it provides recommendations after analyzing your accounts on what would be best for your situation. Now some of these are sponsored links on their site or partner offers so decide for yourself if it's worth it to open that new credit card, or shop around for better auto insurance.
Another Great Tool
Is Acorns! You can use acorns to round up your purchases and invest the spare change. Here is how it works. Say you went to purchase coffee and the price was $5.50. Acorns will round up your coffee purchase to $6.00 and invest the $0.50 in appreciating assets mainly equities or stocks. They also have an automatic account withdrawal, I let them withdraw $10 a week from my personal account and they invest in the investment of your choice depending if you are a conservative, moderate, or (growth) aggressive investor.
Please share this blog and if there is anything you'd like me to investigate I will put my own funds in and let you know my honest opinion if it's a great broker, app, or investment opportunity.
“It's not how much money you make, but how much money you keep, how hard it works for you, and how many generations you keep it for.” — Robert Kiyosaki