Mika
VIP Contributor
If you have never invested, this might be confusing. You wouldn’t know where to invest, how much to invest, how to start, etc. Here is a5 easy step guide for beginners.
Sign up with the micro-investing apps like Robinhood, Webull, TD Ameritrade, Fidelity, Stash, Acorn, etc., and fund your account. If you don’t know how these platforms actually work, just experiment with $10-$20
If you know how these investing platforms work and if you want to give them a try, the next step is to identify how much risk you can take or handle. In other words, find out how much loss you are ready to take. Understanding risk tolerance will let you know how much money you should be investing.
Break down your goals into three strategies, short term, medium-term, and long term
Choose the assets that are concurrent with your risk tolerance level and goals
Create an investment strategy to buy low and sell high
Sign up with the micro-investing apps like Robinhood, Webull, TD Ameritrade, Fidelity, Stash, Acorn, etc., and fund your account. If you don’t know how these platforms actually work, just experiment with $10-$20
If you know how these investing platforms work and if you want to give them a try, the next step is to identify how much risk you can take or handle. In other words, find out how much loss you are ready to take. Understanding risk tolerance will let you know how much money you should be investing.
Break down your goals into three strategies, short term, medium-term, and long term
Choose the assets that are concurrent with your risk tolerance level and goals
Create an investment strategy to buy low and sell high