Investing in stocks is one of the best ways to build wealth and own a portion of the world’s most amazing business. Stocks are portions of real companies that are publicly traded across international stock exchanges.
My goal is to make you financially independent and secure using the power of stock market investing.
A whopping 46% of Americans currently do not invest in the stock market. I think that’s a shame because all of us spend our hard earned money with several publicly traded companies like Google, Apple, McDonald’s, and others every day.
If you enjoy the product, why not enjoy owning the stock too?
Hopefully, this article will change your mindset into a positive one where you embrace stocks and shift towards a wealth building mindset instead of consumer mindset.
You can consume your favorite products and services while building wealth at the same time. You can then pass down this wealth to your children, relatives, or favorite organization in the future. It’s important to think long term and prepare for the future now so you have more options in life.
How do you get started? Read this step by step guide showing you how to invest in the stock market even if you’re a complete beginner.
Decide How Much to Invest
The first step to investing in stocks is figuring out your initial investment amount. Whenever someone asks me how much money they need to invest, I recommend starting off with at least $100.
Most brokers don’t have a minimum deposit but you want enough money to buy at least one share of a decent company. Getting started is more important than anything else.
Here’s a couple ideas for intial investment amounts to get you started on the right track:
- $100,000 or more
Someone you reading this article are sitting on a large pile of money (more than $100k) but don’t know where to invest in. Later on, we will talk more about asset allocation, portfolio construction, and choosing between growth and value stocks.
For now, I want you to come up with an initial amount that works for your u.
Open a Stock Investing Account
You need a brokerage investing account to invest in domestic and international stocks.
Your brokerage account allows you to buy and sell stocks during normal trading hours.
You can also buy stocks direct through the company but most people prefer to use 3rd party brokers for accessibility, liquidity and ease of use.
Research Different Types of Stocks
Set a Budget
Recommended Investing Resources