What Tips Would You Recommend For Brand New Investors?

Sometimes you don’t know what you don’t know.

I’ve always been interested in investing, but I haven’t always had the bandwidth to learn.

In May 2017 when I was finally able to get my head above water,  I wrote down a list of questions that other brand new investors, like me, might ask.

First I made a list of all the terms I needed to research:

  • asset classes
  • dollar cost averaging
  • Class C and Class A stocks
  • P-ratios
  • short/shorting
  • short sell
  • gross margin
  • penny stocks
  • blue chip stock
  • SEC filings

Then I created a list of questions:

If you own shares of a company that offers dividends, but then you sell your shares of that stock, will you still receive dividends for the period when you owned the stock?

Where can you find a company’s income statements and balance sheets?

What’s the best strategy for selling your shares of a stock, i.e. when is it most advantageous?

Do you need special knowledge to become a day trader? Can you day trade on Robinhood, or is it best to go through a brokerage firm?

Best case scenario, what’s a realistic amount that an inexperienced investor can potentially earn in their first year of investing? Continue reading “What Tips Would You Recommend For Brand New Investors?”

What Do You Know About Trading and Investing?

What do you want to know?

What resources do you use to learn more about trading and investing?

I first wrote this post on April 12, 2017, more than a year and a half ago. I had just discovered Robinhood, had about $50 of disposable income, and was itching to get started!

I share this post again now to show my first misconceptions and early questions about stocks, trading, and investing. And, hopefully, to track my learning curve in the days to come.

In a follow up post, I hope to adequately answer my own questions.

What do you already know about trading and investing?

What do you want to learn? 

Continue reading “What Do You Know About Trading and Investing?”

8 Free Investing Apps You Should Try If You’re New To Investing & Broke Like Me

Stash. Robinhood. Betterment. Acorns. Fidelity Go. Wealthfront. Stockpile. WiseBanyan.

What apps should you try if you’re new to investing?

A few months ago, I stumbled upon a YouTube video about the ins and outs of investing, for beginners. In the video, the speaker was excited to report that he’d become an investor.

He’d invested just $25 dollars so far!

Wait, what?!

It hadn’t occurred to me until then how little I knew about investing. I didn’t realize you could start with so little.

How did you start?
Where did you need to go?
Did you have to physically “go” anywhere?
Did you need to have a financial planner first?

Everything I know about investing can fit easily onto a 3 X 5 index card. Which is to say, I don’t know very much.

I know that when you invest you should be mindful of all the associated fees. If you invest through a brokerage firm or through an app online, at the absolute least, you should make sure you can answer these questions:  Continue reading “8 Free Investing Apps You Should Try If You’re New To Investing & Broke Like Me”