How To Save Money To Invest In Stocks | Get Started

How to invest, what to invest in, and how to get started.

How To Save Money To Invest In Stocks | Get Started

1. Build an Emergency Account with 3- 6 months

– If you’re not 77 then you should really be in a rush, you have time
– Now 3 months is if you have a lot of debt
– 6 months if you have little debt

( the idea is to have security while you build up your investments)
– Don’t be the guy, that has to go donate blood or sell his kidney on the black market because he doesn’t have enough to cover the guac at chipotle after he got fired)
– Example: I have $12,000 in my emergency fund, to cover me if anything happens.

2. Pay of high-interest debt ( I’d Probably pause my contributions to my 401k or Roth while doing this to finish faster)

– It’s going to be very hard to get an 18-35% gain annual from the market when you have debt that cost that much
– You can also include your student loan debt if you want ( but not your mortgage)

Tip: Once you’re done here: save the other 3months of emergencies
– Currently, I’m 100% credit card debt Free
– And the only debt I have are my student loans ( but currently I’m using my extra money to Invest since the interest is at 0%)

3. Pick Active or Passive Strategies:
(btw) Don’t Borrow Money to invest Its not needed.

Passively: Acorns: your money will grow at an average rate of 7-12% annually
– All the money you invest into your acorns account will be put in a portfolio, the portfolio I like most is moderately aggressive ( 80% etf stocks, 20% Bonus )
– Your dividend will be reinvested and it’s around 2.35% according to my math.
– ( 40k after taxes, and take 30% to invest,: $3,333/m and $666.66 bucks for investing ) – Over 40 years you’ll have 3.2 million @7% growth and 2.35% reinvested dividend

Tip: Remember Investing can also be College or Courses ( increasing your income is also important, shoot for 60-80k.

4. There are 2800 companies in the Market ( now this is for Actively)
– So if you tried to analyze all of them, you would never finish
– The key is to focus on a sector and learn a lot about that industry

Key Elements:
– Pick a sector and learn as much as possible about it and also analyzing companies. That requires some accounting skills
– Invest in Undervalued good companies over the long run
– Hold on

For example 11 sectors
1. Materials:

2. Industrial:

3. Financials:

4. Energy:

5. Consumer Discretionary:

6. Information Technology:

7. Communication services:

8. Real Estate:

9. Health Care:

10. Consumers Staples:

11. Utilities:

But overall:
More companies will continue to join the stock market, but your job is to find your industry and become an expert at it.

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Articles: https://money.usnews.com/investing/investing-101/slideshows/stock-market-sectors-101-the-11-sectors-of-the-market?slide=3

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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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