Start Investing in 3 Steps
If you are looking to invest your money, but just don’t have a clue on what to invest in, or if it’s a good time to get started, then fear not!
In this article, I have included several step by step guide videos in which I explain which steps you have to go through to understand how investing really works, but also which steps to look out for and what not to do, and also which things you should certainly do. Now, I don’t want to brag about my knowledge on investing, but with the thousands of students I’ve helped with investing, I suppose I have enough knowledge on giving you some support in this as well.
There is a 3 part video on this How to Invest topic, and you can view them by viewing these videos below
When we look at stocks as a concept, it is rather simple to say why we have them, and why it is a great idea to use them to our own advantage. See it like this, companies have gone public, so other investors like you and me can invest their money into these companies, and with the money we invest these companies will do their best, to utilize that money to grow their company. And by growing their company, they grow the value of their shares of their own company, and since we’re holding onto these shares, it is also making us as their investors wealthier as well.
Knowing this, you’ll probably understand that this is like a snowball that rolls from the snow top mountain. Once it starts rolling, it will only get bigger and bigger… and I’m referring to the company, but also for you as the investor. Now coming back to the process, the first question that arises is: Is it a good time to hop on right now? The question seems simple, but the answer is more complex. Let me start with the simple answer and that is: Yes, it’s a good time! But since our life is somewhat more complex than that, looking at the more complex answer, since that is rather more realistic, that gives us the answer: That depends on which investment you will take, or how much you wish to invest, or which strategy you will be applying. And exactly this complexity has made many investors lose money in the past. Heck, it’s not only in the past, but even today! Millions of people lose thousands of dollars, each and every day on the stock market.
When reading this, it scares a lot of investors to move forward, but on the other hand, opportunity seekers make good use of situation like these, because see it like this. There are millions of investors out there who make a lot of money at the same time. So if they can, how come you are not as well?
Ok, are you still following what I’m saying? In the end, if you know what you are doing, you can be on the winning side of investing, instead of the losing side. The only thing is, you need to know what to do.
As mentioned before, in this article we’ll go through each step of this whole investing process. The next step today is to make a choice for yourself: How much will I invest, each and every month, for the coming few years? Just think about it, how much can you set aside to let it grow over time?
And while you’re thinking about that question, also think about the next question as well. Have you thought which platform you will be using to buy your stocks with? Since there are hundreds of platforms out there, in which you can buy your stocks, just to mention a few, you have TD Ameritrade, Fidelity, Robinhood, M1 Finance, and so many more. Which broker fits you, and what services do they offer to you? If you are curious, be sure to watch my whole video series on How to Invest your first $10,000 dollars. Don’t worry, it’s completely free! It’s a whole series of content, for you to consume.
If you’re ready to take the plunge then why not head over to my training, where I will show you, for FREE, how you can start learning my own investing method, with only 2 minutes per month. I look forward seeing you there!