Lvl 22: How to Start Investing With Little Money The Lazy Way
You don’t wanna work, but you wanna get more money. How can you do that? Well, don’t spend your money. Let your money work for you. Let your money be a procrastinator ,like you, and take it’s time to build you more wealth. You can get rich...eventually. Slowly but surely. Just set it and forget it Today, we’re talking about easy ways to invest your money in the stock market, so you can start building wealth in one of the laziest ways possible. Up until recently, the stock market was a playing field for the elite. You needed quite a large amount of wealth and financial knowledge to get started. But it’s become waaaaay more accessible in recent years, and now you can dive in with very little starting networth and just a smart phone. The secret rich people don’t tell you is they don’t do a lot of hard work. Most of the money they make is from their own money -- making more money. Let’s dive into the secrets of how you can do this lazy moneymaking method from your phone or computer. We’ll look at the different types of ways to get started with investing in the stock market in the easiest and least expensive way possible. 5. Fee Free Stock trading Apps Robinhood One of the easiest apps to use to get started in investing with stocks. It's 100% fee free and no minimum deposit, no minimum balance The trades are executed a bit slow and the current trade price is not updated as quickly compared to other paid stock broker platforms, so i wouldn't recommend it for day trading when seconds count. But for buy/hold strategies like blue chip or dividend aristocrat stocks, I highly recommend it, especially if you've never done anything with the stock market before. Has MOST stocks available, some foreign ones are missing, but they are always adding more. (Recently Nintendo for example) Use my ref link. I get a random stock and so do you. WeBull trading no monthly fee Robinhood copycat, essentially Metador trading fee free connect with friends to see what they’re investing in (useful if you have finance nerds as friends and they use this app) 4. Fractional Share Investing Stockpile
- buy fractional shares at 99 cents per trade
- No monthly fee
- limited selection compared to a “real” stock (paid) broker but you have a lot of the big guys (Coca-Cola, Tesla, Apple, Amazon, Google, Johnson & Johnson)
- $5 per month, but unlimited fee free trades
- the successor to Loyal3
3. Equity Investing Kickfurther and Slice Capital Equity investing, like Kickstarter crowdfunding but instead of a product, you get a profit Use my Kickfurther link and we both get extra “keys” to reserve an investment slot early 2. Spare Change Investing Acorns Stash
- auto invest “spare change”. rounds up your purchases to the nearest dollar (eg. if you pay $4.53 for a cheeseburger, it’ll invest the spare 67 cents)
- not really spare change though because it actually withdraws and invests in lumps of $5
- fees are too high $1 per month for balances under $5,000 (and .25% per year for $5k+)
- in order to BREAK EVEN, assuming a 7% annual interest rate, you need at least $172 in your account
- good for building the habit of putting money in the stock market, not good for actually building wealth
- lazy because it’s automatic,
1. ETFs, Robo Advisors, & Mutual Funds Betterment robo investor choose risk 0-100% (basically how much of your investment is stocks vs bonds) .25% annual fee of total balance
- no control over what you actually invest in
- Auto Tax Loss Harvesting (selling a share or bond at a loss for the purpose of tax benefits)
- the biggest robo investor
- $100 minimum deposit
- no fees
- no control over what you actually invest in
- trusted. been around for quite a while as a debt consolidation service but recently started offering robo investing
- 100% fee free
- $1 minimum to open account but no minimum balance
- no direct control over what you invest in
-- tax loss harvesting
- kind of a new player on the field but offering a solid service so far
- their philosophy is to help build people’s wealth (and earn a loyal customer)
- Fee free stock investing
- Create a “pie": Choose from professional portfolios, customize your own list, or combo of both
- First deposit splits evenly to all the pie “slices”, each part of your portfolio
- It then Auto re-balances based on portfolio performance and your deposit/withdraws
- Auto invest cash (from dividends), over a certain time, or not at all
-You can place individual orders to buy/sell slices
- You can also add/remove slices as well as rebalance your whole protfolio
- very low fee mutual fund and ETF trading
- allows you to handpick your own funds rather than have it chosen for you
-you can set up automatic investments each month to specific funds Motif Thematic Portfolios 0.5% real estate, entertainment, online gaming, cyber security, precious metals, AI, crypto Impact Portfolios 0.25% Fair Labor, Sustainable Planet, Good Corporate Governance You can also build your own portfolio $5 for auto, $10 for next market open, and $20 for real time. One time fee for up to 30 stocks. trading is free for “next market open” or $5 for each real time trade Disclaimer: I cannot legally offer you any sort of financial advice or guarantee that you will make money or profit from using these apps or websites I have provided. I’m not a financial advisor. I’m just a lazy guy so take every bit of word I say about this thing with a grain of salt. It is possible to loose money in any sort of investment. Never invest more than you are willing to lose. Results may vary. Also, some links may be affiliate links, as a matter of transparency, meaning I will earn some commission if you decide to use it and place an investment. Also, we enter the Gr8 Game Room and I give my review of Super Smash Bro.s Ultimate