Currently, I have a little over $55k invested, and most people think that you need a ton of money to get started. But when I first started to invest seriously back in December of 2018, I started with $7.60 ( and pretty sure that everyone watching this video can get a hold of $7 bucks)

How Much Money Should You Start Investing With – Stock Market

1. One thing to keep In mind guys!!
– When I was 18 years old and I wanted to start investing
– The only way I could buy a share of google was by having the full 1000 or 2000 dollars is was going for at the time
– But today things have changed, * the entry-level has gone down)

1. How Much Money do you Need ( How much to Set Aside)
– I was lucky that while in college I started a few businesses from reselling sneakers to phones and also having 3 part-time jobs
– This all gave me a lot of income and a lot of cash
– However, most of my friends couldn’t afford to buy any stocks ( but either way that not important because the world has changed)

For Example:
– Every time I bought a company, I had to buy the full share
– Every time I bought a company I had to pay a trading fee of $10
– However today you can start investing with $5 and trade stocks for free

However:
– The answer to how much money to invest is not whatever I have left after I’m don’t paying for my bills
– The answer is included as if it was a part of your bills
– Currently, I invest between 5-10% of my income in the stock market every month
Tip: And by investing between $500 – $1000 monthly I can expect to have 3.9 million and $111k at a 3% dividend rate

2. What are my Investing Options
– Like I said before my only options when I was 18 was trade and a few other platforms but they all charged money for trades and often required a minimum investments

But Today: ( 100% safe with SIPC – which means up to $500k per institution)
Acorns: Lets you invest in a long term portfolio with $5 ( I started here with 7.60 and now have 23k in this app) – Moderately aggressive portfolio

Cash App: Lets you invest $1 in apple and all your favorite companies instantly ( I started with $4 investment into apply, now have 2400 bucks)

Robinhood: You trade stocks for free, and they are also releasing a feature to let you buy fractional shares of companies. ( got a free stock from a friend and now have 12k invested )

Sofi Money: Lets you Invest with fractional shares and its also free. ( started this year and now my account has around 20k )

Overall:
– The point is, there are a lot of options to start with $1 or $5. And all of them are for beginners. ( for automation get Acorns) for picking stocks I use Sofi Money the Most.

3. What to Invest in ( think about investing like a business)
– I have a full video on that
– So I’m going to link it

Link: https://www.youtube.com/watch?v=uB9efvy7A4M

4. Timing the Market ( and when to buy)
– Some people think that waiting for the market to go down is best
– Studies have shown that over time the market will average out your returns
– So waiting if you’re investing over the long doesn’t really matter.

What I DO:
– I Invest that 5-10% every month no matter what
– The idea is that over time the market is going to average out
– And the only time I invest more money ( is when the market is it down, may invest 50% instead of 10%)

5. Patience Is Key – and Goal Setting
– Set a goal for the end of the year for investing
– And how much money you want to have
– For me, its 100k invested, but when I first started it was $100 bucks

Overall: you gotta start somewhere.

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*Some of the links and other products that appear on this video are from companies in which Tommy Bryson will earn an affiliate commission or referral bonus. Tommy Bryson is part of an affiliate network and receives compensation for sending traffic to partner sites. The content in this video is accurate as of the posting date. Some of the offers mentioned may no longer be available. I’m an Accountant but I’m not your Accountant, always review information with your Accountant/CPA and your Financial Advisor.

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