If you ever want to retire or if you want to be rich someday, you will need to make your money grow. The best way to do this is through investing. By investing, you won’t have to save as much to make more money, or you can make more money faster and maybe even retire early.
You do your research. You read countless of books on investing in stocks, bonds, commodities, mutual funds, and currency. You learn how to become rich by investing, you learn how to research stocks, and you learn how to retire young. You bookmark the right investing websites to stay up to date and are now ready to get started.
Now that you know what to do, how do you get started? Do you just call up a broker and as them to buy you some stock? Where do you get their number? Learning how to invest takes a lot of hard work. Fortunately, getting started is not nearly as hard. With the internet, investing has become even easier.
My top recommendation for a stock brokerage firm is Sharebuilder. I have been with them for more than 2 years now buying and selling stock, and I’ve had no problems. Once you sign up, you can get started investing right away. It’s really that easy! It will take about 10 to 20 minutes to get through the sign up process, and then after sending in copies of ID, you should be all set.
If you are concerned about safety, rest assured that Sharebuilder has got you covered. You don’t have to use any credit cards, you just connect your checking account with your sharebuilder account to transfer money. They have lots of security features including verification codes that need to be entered every time a trade is made or money is transferred.
Another great benefit of sharebuilder is that stock trades only cost $4. Just $4! Other brokerage firms first cost much more than that or have a minimum investment amount. Sharebuilder lets you invest $10 at a time if you really want to. For long-term buy and hold investing, they is the best.
If you are a novice investor and don’t feel comfortable choosing your own stocks, you can invest in mutual funds instead. With mutual funds, a fund manager chooses the stocks for you and as an added bonus, you don’t to pay any fees. You can choose from growth stock funds, bond funds, foreign funds, and other types.
It’s never too early to start investing. Ten, twenty, or thirty years from now, you will be very happy that you started early. Don’t worry about your future. Just do what you need to and stay on top of things.
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