In these days, learning about the stock market, brokerage accounts, and how to place trades, information comes from all over. So we wanted to give a few recommendations to help you on your journey into the world of investing.
First a foremost, invest in yourself. There are many books that are out there that can teach you the basics and give an understanding of what the market is and what investment products are available to you.
That being said, here are some things to look out for!
- Avoid Commissions: Most Places offer $0 commissions, but still, keep a look out.
- In the past, commissions were unavoidable for investors. However, with the rise of online brokers, many apps now offer $0 commissions for most stocks and ETFs. Take advantage of these platforms to minimize costs. Search terms for finding available apps would be Fintech. Always do your due diligence!
- Use Passive Investments:
- Consider investing in passively managed funds such as index funds and ETFs. These funds track existing indexes (like the S&P 500) and have lower transaction costs and management fees compared to actively managed funds.
- Find the Lowest Cost Variations:
- When choosing investments, compare costs. For example, if you’re interested in an S&P 500 index fund, explore different options to see what management fees are associated with the fund. There are many funds, so always check on fees associated.
- Think Long Term:
- When investing, you want to find companies or index funds that have a long term strategy. Good companies that will last through market swings and have a future.
Last, read! Reading is probably the biggest investment so you can make the best educated decisions when getting into the market. Invest in yourself!
What other things would you add to this list?
Thrifty Investing 
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