@nobudgetbabe: Today I'm going to teach you how to buy a stock. Investing isn't for the rich, it's how you get rich, and learning how to make money while you sleep is the only way to make sure you don't work until you die. First thing you're going to do is open an account with a brokerage - this is simply a company that gives you access to the stock market. Then you're going to deposit money into the account, you can do this by linking your bank account and initiating a transfer. Don't make this mistake! The account is not the investment, so if your money is just sitting there in cash, it's not growing. To buy your investment you're going to type in the ticker symbol of the stock you want to buy. Now I don't like buying individual stocks, because no one knows which company will do the best, and we don't want to gamble with our money, so I buy investments called ETFs or index funds so I can buy little pieces of all the companies. The total stock market has gone up an average of 10% a year. So I'd type the ticker symbol in the top, click the investment, then enter how much money I want to use. I always do a market buy (which just means buying at the price it is right now) or a fractional buy, which means buying a piece of the investment if I don't have enough for an entire share right now. Keep learning with our Free Investing Masterclass or apply to work with me as your 7 figure mentor on our website!

Nicole Victoria | Money Coach

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Region: CA

Wednesday 13 September 2023 18:16:07 GMT