Retail investing is getting more and more popular thanks to platforms like Robinhood, the rise of crypto and ridiculously low interest rates. Many Americans have already realized that saving money means you lose money, while investing lets you not only make a few bucks on the price difference of stocks, it can also completely transform your financial situation if you do it wisely and commit to it over a fairly long period of time.
But how do you do it? The truth is, if you have just $1000 to invest, this makes you pretty rich even by US standards. How do you start if you have debts, little or no savings and no emergency fund? Well, these are exactly the things to consider before you even start thinking about whether to buy Coca-Cola, Tesla or crypto.
Check out this infographic to find out the preliminary yet ever so important steps you can take as a beginner investor, even if at this stage that means saving regularly or skipping a chocolate spicy pumpkin marshmallow latte every day just so you have a starting investment fund to work with in the first place.
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