Your First Investmet
So you have saved some money and you are now ready to put it to good use. The .5% you are collecting in your traditional bank account, or even your 3% return on your online savings account just isn’t cutting it anymore. It’s great that you are interested in investing and want to make more money.
Once you are ready to start investing, choose a type of investment, and then you can get started. There is a large variety of different types of investments out there. You could go with complex investments such as derivatives or commodities, or you could go with the more common choices of stocks and bonds. If you are going to buy stocks, you will need to set up an account with a broker.
If your a beginner investor or if you are looking for a low cost way to invest, an online brokerage firm could be right for you. You don’t have to set up any appointments with a broker or make any continuous phone calls. Everything is done right online. It’s so easy, there’s no excuse for not getting started and signed up right away.
I have been using the online brokerage firm Sharebuilder.com. It’s been over 2 years that I have been with them and I couldn’t be happier. For a buy and hold investor, you can’t beat $4 for each automatic investment. You could even buy mutual funds with them if you’d rather.
It’s quick and easy to sign up for Sharebuilder. To get started, visit the link below. Just click through the link to Sharebuilder and you can start creating your account.
The sign up process is pretty simple. Just fill out a few forms and either fax or mail copies of ID and verification. This is for added security. This is your money we’re talking about. They make sure you’re safe!
If you are worried about your security, rest assure with Sharebuilder. They have recently been bought by ING Direct a very reputable bank. They require a secure login and password and also require more verification before each trade and transfer. While you’re in the site, you will see a padlock in the address bar or bottom right corner of your browser. This signifies your security with the site.
Once you have signed up and have everything verified, you are read to start investing. You can buy stocks on the third Tuesday of the month or opt to trade stocks more frequently for a little more cost. You can even set up an automatic investment plan so that you are investing on a regular basis. Waste no time, start investing now!
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