How do you Invest?

Wondering how to invest? Here are the basics so your money can start working for you right away.

The big question that almost every new would-be investor has is not what to invest in or how much money you should spend; although these questions do come hot on the tail of the first one. But even before that, you have to actually know how to get started. Where do you go? What do you look for? 

You can always go with a stock broker or investment advisor when you start investing. Some people prefer this route and don’t mind paying for the service. And of course, if you have a retirement account through your employer, that’s another hands-off investing outlet. But we really believe that it doesn’t require a lot of effort to invest on your own, especially with the advent of so many online investment services like T.D. Ameritrade, E*TRADE, and so on. Most of these services don’t have any commissions on trades and there is no minimum account requirement, so they’re ideal for starting out on your own. 

In most cases, you just need to set up an account, which isn’t anything beyond what you might expect. You’ll need to provide your banking information or some way to add money to your account. It may take a few days for the company to verify your account information, but then you can start investing. However….

Don’t just go willy nilly into throwing your money at every opportunity that looks promising. That’s a great way to lose a lot of money very quickly. Instead, take it slow and start with some safe investments to get your feet wet. 

To learn more about stocks and investing, download our FREE report, How to Invest in Stocks and Other Investing Basics, today. You’ll learn about the four types of stocks, what it takes to be a successful investor, and you’ll discover five reasons you should skip the broker and invest on your own.