How to Start Investing in Stocks for Beginners (with little money)
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How to Start Investing in Stocks for Beginners (with little money)???
Saving money and building an emergency fund is excellent – you can prepare for the unexpected like a job loss, injury, illness, or other personal issues. But if you’re looking to grow your personal net worth, saving alone isn’t going to cut it. At some point, you need to put your money to work for you and start investing.
As a new investor, though, the process can be overwhelming and intimidating. Where do you start? How much money do you need? Should you work with a professional? What if you lose money?
These concerns and others are completely normal. And yes, you should have a basic understanding of investments before starting. But don’t think you need to know everything before starting. It’s this type of thinking that keeps many people on the sidelines for way too long.
Investing isn’t as scary as you might think, and truthfully, you don’t need a lot of money to get started. Here’s a look at how to start investing in stocks as a beginner…
In addition to Stash or opening a brokerage account with a company like Wealthfront, I also highly recommend using Acorns – a micro-saving/investment platform – to get your feet wet and become more comfortable as an investor.
I’ve been using this platform for years and have been able to save thousands without really trying. It offers many features for newbies. For example, if you link your credit or debt card to your account, Acorns will round up your purchases and invest your spare change into a diversified portfolio of ETFs.
You can also set up recurring investments into your account, starting as low as $5. And there’s the option to make one-time contributions at anytime.
This is just a snapshot of what Acorns offers new and seasoned investors. Click here to open your account today. As a bonus, when you sign up using my referral link, Acorns will give you $10 to get started.