Hi there my lovelies! Hope you all are doing well and being safe. Have you thought about investing but don’t know where to start. The past decade I have been struggling to figure out a way to invest outside my 401k. To be honest, the word invest intimidated the heck out me. Where do I even start? I can’t afford invest a lot of money. That is when I found out about Robinhood. It’s a free investment platform, where you can buy fraction of a stock like google, Amazon, Apple, Facebook, Netflix for as low as $1.
There are several companies that provide free investment opportunities. Firms including Charles Schwab, Robinhood, Square, SoFi and Stash all allow investors to buy fractional shares of individual stocks and, in some cases, ETFs, for $1 or more. I ended up choosing Robinhood. The process of signing up was quite simple and easy to follow. I am not investing outside of my 401k for retirement. I am investing to use three to five years down the road.
My dear lovelies, if you are putting off investment because it’s intimidating, or you don’t think you have enough to invest then check out the above firms. Hopefully, the investment process will be simple and smooth for you and you will well on your way to a better future. If you don’t know where to invest consider the following recommended by Motley Fool: Amazon, Apple, Facebook, Google, Microsoft, Netflix, Chewy, Fastly, Zoom, Shopify, Square, Oka. Motley also highly recommends their “FAZER stocks”. (F-Fastly, A-Appian, Z-Zoom, E-Elastic, R-Roku. I am in no way a stock expert. I have a novice. But doing some research and following expert recommendations, my stocks increased between 0.85% to 286.26%. Don’t get me wrong I have dozens of stocks which decreased from 0.07% to as high as 55.13% since I started investing in late January. However, the one thing that I have learned is in order to succeed you have be in for a long run. Hence, I am patiently waiting. I have learned not to look at my stocks everyday and mini anxiety attacks.
Ups and downs are the name of the investment game. However, if you sell your stock every time it goes down, you will not succeed. Your goal for investment should be at least 3 to 5 years. Trust me, it’s a learning curve but with patients and doing your homework will lead you to success. As for me, before deciding to panic about my stocks, I try avoiding looking at my stocks everyday and just keep my eye on the finish line and l know that it will be all worth it at the end. I have sold some stock based on my homework, but those were exceptions based on expert recommendations.
Hope you enjoyed reading this post as much I enjoyed writing this post. During this time of uncertainty, it’s very easy to lose hope. Trust me, I am sleepless thinking about the amount of debt I have. However, if we stay focused and stay on our path, we will overcome. I would love to hear your feedback about investment: what worked for you and what didn’t. Wish you the best on your investment journey. If you have any questions don’t hesitate to contact me. I will be honored to share my experience, as a novice myself.
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