Are you ready for summer? Typically Memorial weekend kicks off summer here in the states, and what better way to celebrate than making red, white, and blue ice cream for Memorial day or The Fourth of July.
5 Safe Ways to Get Started Investing for Beginners
Safe ways to get started investing for beginners
The ups and downs of investing have been crazy the past few years. With the rise and fall of certain companies, you could have done really well if you got in on some of the actions. For example, stocks like GME (GameStop) went from $3-ish in 2020 to nearly $500 per share when loyal customers decided they didn’t want the company to go down and started buying up stock. This was amazing for investors because if you had invested $300 in GME in 2020, your stock would have been worth $50,000 at the beginning of 2021. You may have heard of the Missouri dad that invested and made a million after Reddit users bought up the game stop stock to raise prices.
Even this 10-year-old boy made $3000 from his Game Stop investment. Let’s face it… If a 10-year-old can start investing, so can you.
This story caught the attention of many. In fact, the amount of new investors is unprecedented and it’s time you considered jumping aboard the train soon. However, stocks like GME and day trading are often volatile so learning the best ways to invest is essential to your stock market success.
I started investing when I was 24 and have made quite a bit in “safe funds” yet, back then my only option was to hire a financial planner, some of my money is still tied up and I am working on rolling it over so I can manage things myself and lose the fees. Yet, it was fine to get started.
Did you know you have WAY more options than I did back in 2001 when I initially started investing? The best part is these ways to invest are safe and you can DIY your investing if you are comfortable and do a little research.