You don't need to be rich to start investing
Some people have a conception that you have to have a lot of money to invest. It’s important to let people know that you can invest with $100, or even less. It’s important to get started earlier rather than later. This gives your money more time to work for you.
The first thing you want to do is to open an investing account. These are handled by brokers, who are bankers who focus on holding and managing investments. You’re going to want an account that has low account minimums and low fees so you’re not forced to spend more money than you want. Some brokers charge a fee to place an investment, so it’s important that you choose an account with low fees.
The best thing to invest in is ETF’s, which are stocks that follow an index. They are the lowest cost to invest in and are a great way to stay broad in the stock market. Another option is mutual funds. Mutual funds pool money together from a group of investors and invest that capital into different securities like stocks, money market accounts, and bonds. They can hold many different securities which makes them a very attractive option.
Investing is important to help you plan for your future and so you have less to worry about as you get older.
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