Thread by @Jaxben26

How to start Investing, for beginners

RT to save a life

1. Ask yourself, what are your investing goals?

Do you want to outgrow inflation?
Are you looking to multiply your money? Are you looking for income?

Understand your specific situation

2. Open a brokerage account

You need a broker to invest, and there are plenty of options.

TD Ameritrade
Interactive Brokers
Schwab

And no-commission brokerages (better for beginners)

Robinhood
M1 Finance
Webull

All will work (if you want me to elaborate, just ask below)

3a. Fund your account (Obviously)

You need money to invest, wether it be $50 or $50,000. Each will do.

When starting out and playing around, only invest what you are willing to lose.

Ask yourself if you lose all the money invested, could you still properly live?

3b. Fund your account

The more experience and understanding of investing you have, the more should be invested.

The market can, and will, leave you behind. So invest early.

4. Invest based off of said goals

Outgrowing inflation -> Bonds
Multiply Money -> Stocks/ETFs
Income -> Dividend stocks/ETFs

Make sure you completely understand what you getting yourself into. Don't invest into what you don't understand.

5. Increasing your position

You should have a set amount of $ being funneled into your brokerage account every month. You can always add more, but you should never add less.

6. Riding the market's waves

The market always has its ups and downs, but it is VERY important that you don't get scared out of your position and sell.

If the market falls, put more money into it. If it rises, then keep up with the set amount. Don't put less in.

Conclusion

You should now be funneling a set amount of money into your brokerage account each month.

You are investing this money for the long term, not the short term. Don't expect to make 50-100% each year.

The set amount invested should be automatic, you shouldn't have to manually put the money into your investments. Set up your brokerage so it invests automatically.

Dividends can also be rolling in from your chosen investments, make sure they get reinvested. Don't take them out

If you need any clarification on anything just comment below.

If you want a more in-depth understanding on beginning to invest in the stock market then grab my guide... Only $10

👇
Gum.co/ssmbg