Investing for beginners is not as hard as you might think.
Beginners can start investing in small ways. For less than $500 you can start. Companies such as Scottrade and Ameritrade offer low cost investment solutions. They charge reasonable fees. Some as low as five dollars per trade. According to the Kiplinger Report, the following companies offer low cost stock prices. Many of them are under $10 a share.
Aptose Biosciences
Aurinia Pharmaceuticals
Kratos Defense and Security Solutions
Parker Vision
Rite Aid
Sirius XM Holdings
Mutual Funds are winners for beginners.
For a minimum of $100 beginners can invest in mutual funds. You may need to shop around. TD Ameritrade would be a good place to start.
DRIPS
Investing for beginners should include dividend reinvestment strategies. Dividends can be reinvested instead of paid out. This builds share holdings over time. It is a simple strategy that does not require more money to be invested.
Would you like to invest in big companies?
Investing in big companies is easier now than ever. Trading companies will allow you to purchase fractional shares. Amazon is currently trading at $852 a share. You can purchase a fraction of the share and grow over time. Visit Loyal 3, a company that allows partial investing.
Get a wealth calculator.
A wealth calculator will help you to determine how much money and time it will take to reach your goals. For example you could save $50,000 in just 15 years if you invested $38 a month at 20% interest. Pick your number and set your goal.
You may start off small, but the long term benefit will be worth it. Determine where you want to be in 5 years, or 10 years. Learn as much as you can. Step out and begin. Time is your greatest asset. Don’t wait it. Start today. You will be pleased that you did.
