If you ever want to retire or if you want to be rich someday, you will need to make your money grow. The best way to do this is through investing. By investing, you won’t have to save as much to make more money, or you can make more money faster and maybe even retire early.
You do your research. You read countless of books on investing in stocks, bonds, commodities, mutual funds, and currency. You learn how to become rich by investing, you learn how to research stocks, and you learn how to retire young. You bookmark the right investing websites to stay up to date and are now ready to get started.
Now what do you do? You’ve done you’re research and you know what you want to invest in, but how do you start investing? Where are the brokers that need to buy you stocks? With the internet, it is now easier than ever to get started buying stocks and investing.
If you are looking for a great online brokerage firm, I recommend Sharebuilder. It’s been more than 2 years now that I have been buying and selling stocks through Sharebuilder, and I couldn’t be happier. The sign up process is easy. All you have to do is fill out a few forms online and then send in some copies of ID. After that your account will be confirmed and your ready to start investing.
If you are concerned about safety, rest assured that Sharebuilder has got you covered. You don’t have to use any credit cards, you just connect your checking account with your sharebuilder account to transfer money. They have lots of security features including verification codes that need to be entered every time a trade is made or money is transferred.
Another great benefit of sharebuilder is that stock trades only cost $4. Just $4! Other brokerage firms first cost much more than that or have a minimum investment amount. Sharebuilder lets you invest $10 at a time if you really want to. For long-term buy and hold investing, they is the best.
If you are a novice investor and don’t feel comfortable choosing your own stocks, you can invest in mutual funds instead. With mutual funds, a fund manager chooses the stocks for you and as an added bonus, you don’t to pay any fees. You can choose from growth stock funds, bond funds, foreign funds, and other types.
If you think you’re too young to start investing, think again. In fact, the younger you are, the better. The sooner you start investing, the more money you’ll make.