Investing In Stocks Isn’t Only For The Wealthy
Individuals do not need a lot of money to get started investing in stocks! Investing in stocks isn’t only for the wealthy! Getting started investing in stocks does not require a large “initial” cash outlay!
Many people have the mistaken belief that one has to have “real” wealth built-up to get started investing in stocks. This couldn’t be further from the truth!
Get Started With Very Little Money
I am a do-it-yourself investor and started investing in stocks, many years ago, with just a small amount of money: $100.00. After extensive research on the company I was interested in, I took the plunge, opened an online brokerage account, and purchased my very “first” shares of stock!
I was excited about the gains on my first stock purchase. I had what they refer to as a “three-bagger” (my stock tripled from what I had purchased it for) in several years’ time!!! It was a great feeling and I have been investing in stocks ever since!
I know of no other investment that can offer me the returns that stocks have! Financial experts say you never forget your “first” share purchase and, I certainly haven’t!
Invest A Small Amount “Regularly” Each Month
After my first stock purchase, I started setting aside the same fixed dollar amount each month and began investing on a “regular basis.” This is referred to as “dollar-cost averaging”. This way you buy “more” shares when they’re inexpensive and “fewer” shares when they’re expensive. Investing this way lowers your overall average cost. I gradually increased my monthly contributions and built up my stock portfolio over time!
With interest rates today at a historical “low” on cash investments there is no better time to get started investing in stocks!!! Why settle for 1% or 2% interest on your money? History has proven that stocks are the best-performing asset’s long-term.
Brokerage Firms Now Let You Invest For Free
And, now that we have the brokerage firms offering “free” buy and sell trades, there’s never been a better time to begin investing! You can trade stocks, ETFs, options and mutual funds for “free.” No more brokerage fees dragging your portfolios down and eating into your capital gains and dividends! Fees and commissions can take a big bite out of an investor’s portfolio.
In conclusion, you don’t need a ton of money to get started investing! Stocks don’t have to be expensive. You can open a brokerage account online today with as little as $25.00! Not all brokerage accounts have a minimum requirement to get started.
Follow and study my investment articles @lindasstocks.com and I will teach you everything you need to know to begin investing in stocks. With the right skill set, investing in stocks can be a very lucrative venture!
