Investing in stocks is a great way to harness the power of growing companies to build wealth. But how exactly do you invest in stocks? While it may seem intimidating, especially for beginners with little money, there are several steps you can take to get started on your investment journey.
Educate Yourself: Books can hold decades of earned knowledge in the span of a few hundred pages. When it comes to understanding finances, fewer decisions are more important than learning about the stock market. Take the time to read books and online resources that provide insights into stock investing.
Select a Brokerage Account: To buy stocks, you'll first need a brokerage account, which you can set up in about 15 minutes. Look for an account that offers low fees, user-friendly interfaces, and attainable minimums. Some popular brokerage platforms for beginners include Robinhood, TD Ameritrade, and E*TRADE.