I
don't have enough money to invest.
I have to pay off my bills first.
I have money to invest, but I am afraid.
What
is stopping you from starting to invest? Three of the most
common investment stops are listed above. What can you
do to start yourself to invest? There are many inexpensive
ways to start investing. You can open an investment account
with a broker that sells shares or partial shares of stocks.
You can open a mutual fund account with a mutual fund company
that will allow you to start with a small amount of money.
And finally, you will have to shed some old baggage about
investing, for example, "I will start investing when
I get my bills paid off," or "I am afraid to
invest." You
don't have to have a lot of money to start an investment
account. There are mutual fund companies that will allow
you to start an investment account for as little as one
hundred dollars, and add as little as twenty-five dollars
a month (see mutual
funds to look at). The monthly additions work
to significantly increase your account due to dollar
cost averaging, (see mutual
funds 101). There are companies that will
allow you to invest in a few shares or partial shares
of stock starting with as little as eight dollars a month,
and adding eight dollars a month to your account to purchase
these shares or partial shares of stocks (see Sharebuilder).
I
have to pay off my bills before I start to invest. It
is a good idea to have your debt well under control before
you start to invest. The interest rates on outstanding
debts sometimes are in excess of the interest rates on
investments, coupled with compounded interest, debt payments
can be excessive. There is an easy way to invest after
you have your bills under control, that is to treat your
investment as "just another bill," before you
know it, you will have a significant investment account.
Do you have plenty of money to invest, but you are simply afraid? I think the
term for that is, "fear of the unknown." That is probably the
easiest investment stop we address in this article. Study the investment
tutorials in MsFinancialSavvy.com. Learn Stocks
101, Mutual
Funds 101,
and Online
Investing,
to acquire the basic knowledge you need to start investing. Follow up
your study with reading from our bookstore. After you feel you really
have adquate knowledge of investments, organize and start an Online
Investment Club.
by
Lois Center-Shabazz, who is the author of the award-winning
book, "Let's Get Financial Savvy! From Debt-Free
To Investing With Ease" [click
here for $400 in free bonuses]
Article
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