5 Easy Things A Beginner Investor Can Do To Get Started

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If you’re a beginner investor, you probably feel a little overwhelmed with all of the options out there and information you can use to get started. Don’t let this put you off. One of the greatest things you will do is invest in your future this way - read on for 5 easy things a beginner investor can do to get started. 

Download Investment Apps

Start by downloading investment apps - these apps are incredible for beginner investors and can help to give you a feel for what the landscape is like before you start investing big money. There are several great apps out there, including Acorns - this one rounds up your purchases from your debit or credit card linked purchases and manages a portfolio for you. You don’t need to invest a minimum amount to open an account, and it’ll begin investment for you when you have accumulated a minimum of $5. You can even make lump sum deposits when you feel ready to do so. A standard account will set you back just $1 a month, but you can pay a little more for a retirement account. The IRA has better tax perks, however, so it’s advisable to max this one out first. 

Network With Other Investors 

Networking with other investors could give you an invaluable insight into the world of investing and some great tips on how to get started. Of course, you should be careful about the advice you choose to take, but that doesn’t mean you can’t do a little recon work to see what’s what. It’s worth noting that when you spend time with people who have similar goals to you, you have more of a chance of reaching those goals. 

Figure Out The Most Lucrative Investments To Make Right Now 

Things change constantly, so you need to be prepared to change strategy and remain flexible no matter what. You also need to stay ahead of the curve and be prepared to make investments that are most lucrative right now. For instance, you can look to buy ipv4 block if you want to make a potentially lucrative investment that few people are jumping on right now. 

Let A Robo Advisor Take Care Of The Investments For You

Having a robo advisor work for you can make investing extremely easy. You don't need experience as these robo advisors take all of the guesswork out of it. They will ask you questions and determine your risk tolerance before going ahead. There’s literally no easier way to get started. You can usually start with $500 or less. 

Invest In The Stock Market

Cost is often the barrier to entering the stock market - it takes money to make money. However, there are certain platforms you can use to get started with a small investment. $0 commissions across comp have been so successful they’ve disrupted the entire investing industry and forced all the major brokers to follow suit and drop trading commissions, making this an amazing time to begin.