Newbie Investor
Investing like the pros, Robert Kiyosaki explains it in the simplest of terms in the book, Rich Dad's Guide to Investing. When you want to risk big, you must be an accredited investor. A big risk can mean big gains but also significant loses, and for that reason, one must meet specific requirements to be an accredited investor. But that is not to say you can't start small.
Learning from investing a small amount into stocks is also an excellent way to start. I began with Robinhood, an app in which I just put in bits here and there, and I watch it grow or shrink, depending on the fluctuation of the market. Once you invest even twenty dollars, you are investing and seeing what comes of that seed is an exciting process. If you go in thinking of it as an experiment, you may want to go on learning about different companies, strategies and even what diversifying your portfolio really means, it will no longer just be theory and concepts in a book.
I am still a newbie, but I love finding out more about this massive cloud that is investing. Stocks are just one of the many places you can put your money to work. Investing is just that, a way to put your money to work so in a way you don't have too, well if you learn to do it right. For the most part, it is about the long game perspective.
Real estate is another investment opportunity. In this day in age, we know about flippers, rental properties, and even wholesales, but many are not ready for that much risk. Fundrise, which focuses on investing in large commercial real estate, is a crowdfunding investment platform. You can start at five hundred dollars. What I do is reinvest the dividends as well as drop a hundred when I get a chance. Now, this is different as you can put in whenever you want, but it is a longterm investment which means you can't take it out, unless you don't mind losing money, for three to five years.
Savings can also work for you, and you don't have to tie it up for years since you might want to make a hefty purchase shortly. Right now, online banks (Always check that they are FDIC covered) are offering two percent return when you open an account with them. Like one of my favorite Youtuber says, "who doesn't want free money?" Graham Stephan.
One may get stuck on the idea that something is impossible or out of one's reach, but that is not always the case. Depending on your personal goals, you can start small and continue at a steady pace. These three examples in stock, real estate, and savings can serve as a jumping off point on your journey into investing.
Learning from investing a small amount into stocks is also an excellent way to start. I began with Robinhood, an app in which I just put in bits here and there, and I watch it grow or shrink, depending on the fluctuation of the market. Once you invest even twenty dollars, you are investing and seeing what comes of that seed is an exciting process. If you go in thinking of it as an experiment, you may want to go on learning about different companies, strategies and even what diversifying your portfolio really means, it will no longer just be theory and concepts in a book.
I am still a newbie, but I love finding out more about this massive cloud that is investing. Stocks are just one of the many places you can put your money to work. Investing is just that, a way to put your money to work so in a way you don't have too, well if you learn to do it right. For the most part, it is about the long game perspective.
Real estate is another investment opportunity. In this day in age, we know about flippers, rental properties, and even wholesales, but many are not ready for that much risk. Fundrise, which focuses on investing in large commercial real estate, is a crowdfunding investment platform. You can start at five hundred dollars. What I do is reinvest the dividends as well as drop a hundred when I get a chance. Now, this is different as you can put in whenever you want, but it is a longterm investment which means you can't take it out, unless you don't mind losing money, for three to five years.
Savings can also work for you, and you don't have to tie it up for years since you might want to make a hefty purchase shortly. Right now, online banks (Always check that they are FDIC covered) are offering two percent return when you open an account with them. Like one of my favorite Youtuber says, "who doesn't want free money?" Graham Stephan.
One may get stuck on the idea that something is impossible or out of one's reach, but that is not always the case. Depending on your personal goals, you can start small and continue at a steady pace. These three examples in stock, real estate, and savings can serve as a jumping off point on your journey into investing.
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