Before you can begin investing your money, you need to choose a stock broker where you can hold your money to choose your investments. Reviews.com does an excellent job explaining which brokerages are the best for online trading and investing. Reviews.com provides a lot of useful information such as commission fees and account minimums.
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One of the most common questions I get when I speak with people just starting out with investing is how much money do I need to start. Luckily there are many options to effectively invest your money that are suitable for someone with $500, or someone with $5,000 or more. This post should help you choose which option is best for you based on your current financial situation.
To be clear, I have zero experience working in the financial industry. I am an ocean engineer by formal education and currently work as a software developer, which I taught myself in less than two years. What I do have is a passion for learning, problem solving and helping others, especially when it comes to personal finance and investing.
Growing up alongside my fellow millennials both before and after college, I recognized that that the majority of us have little to zero knowledge in the areas of personal finance and investing in the stock market.