A
Alex Z.
Investing
Money 101
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Welcome to SaverLife
Investing
Learning to do so.
Don't get hung up on finding the "best" investments. Instead, find a method that works for you from a goals and risks standpoint and implement it. Adjust as you learn things.
i still cant find a bank what the heckk is up woht this covid 19
The best way to invest is to only use money you can afford to lose. Do not put the money needed for bills into the stock market or other volatile institution. Secondly, decide how much risk you are willing to accept. Wether you want a completely save vehicle like a bank CD or T-Bond from the govt. If you are willing to accept more risk the stock market is a good option. This itself has different levels of risk, index funds are some of the most safe with your investment being based around a pool of companies and not just a single one. (I recommend vanguard) Lastly with the most risk is individual company stocks. When choosing these do not try to hard to “beat the system” or think you can predict the future. To minimize risk put your money into brands you see and use every day. Look for a long track record of success and something you use today and believe you will use for the rest of your life.
I think it varies from person to person. What's best for me may not be best for you.
Having a diversified portfolio is important too.
I think the best way to invest is to start with a small amount. There are apps like Robinhood and Stash which allow you to make small investments while allowing you the opportunity to learn about investing. They give you a free stock to start off with. From there you can start investing with any amount you choose, even with a dollar or two. They also offer debit accounts with higher interest rates than you may get at your regular bank.
Join Robinhood with my link and we'll both get a gift stock for the holidays! https://join.robinhood.com/michelb1389
You can't lose because your initial stock is free and you can use it to learn the ropes of investing. You don't need to invest your own money until you feel comfortable.
Join and refer friends with your personal referral link by Jan 3, 2021, and you'll earn a free $5 stock plus 2 extra stocks for each referral who signs up and links their bank account to their Robinhood account. You can invite as many friends as you'd like and receive up to $500 in free stock per year.
Invest in a cleaning franchise.
Not if I know nothing about it!
I like to invest via mutual funds that have the companies that I believe in.
Nobody really talks about buying quality high dividend stocks as a way to save.
There are no fee brokers like TD Ameritrade and there are stocks like Pfizer which has consistently paid 4% a year. And you can reinvest those dividends.
I use Pfizer as an example due to its low cost per share (generally gravitates to $36 or so) because at that price many people could afford a share a month. And yes I do own shares.
Yes you can lose money because it's a stock so don't invest your entire nest egg - also contribute to safe investments like a savings account or CD. But since safe usually means only 0.02% interest you'll barely keep up with inflation.
are valuations sky high now?
Put it all on gme
So does robinhood actually work?
I used coinout to use some of the money making apps to purchase pie share like acorn, stash to name a couple. Here is a link to get extra cash. https://coinout.com/referrals/new?r=AGDYQD6
Start small maybe cds, 401K and work your way to a td ameritrade account.