Thursday, January 21, 2021

Investing

When it comes to investing lot of us  are  clueless. We always think that we have to go through brokerage firms and pay a lot money to Invest. Those are the good old days. Today You can be savvy investor  just with your cellphone.  I am going to go over some basic ways where you can make good money investing. 

Talk to you friends and family you always get confused. You go to work everyday and make sure you do everything by the book. You get a regular paycheck. This is one of the best ways. I do that too. Your history should tell you that you are a devoted employee. All your dedication does you good to pay bills. You are already ahead of the game. Which is very good. That is exactly what you should be doing. 

If you stop to evaluate that, what would you say? I am good or Yes! I can live a little. You can pay bills or live a little. Working pays everyday pays bills. Investing is what secures you from falling behind or securing your future. It also makes everything else possible. 

There are many Apps that you can download that you can use to invest. One such app is Robinhood. Why Robinhood because they have no commission when you buy or when you sell. They are the pioneers of no commission trades. Today there are many companies that are offering no commission trades. So why am I inviting,  you ask? This link will give you a free stock for you and me. Every time you introduce a friend the same happens to you. 


Take the free stock and sell it and viola! you are Investing. You do this on a regular basis you are Day Trading. This is something you can learn on the internet. 

What is trading?

Trading is like buying and selling, just like you would sell merchandise. Say you buy a pen for a dollar and sell it for two dollars. You have made a dollar out of that trade. In the stock market this is what you do.  Except in the Stock Market you are Buying company shares like if you work for a public company. So lets do the math part of buying and selling. 

Companies that are public have stocks. They have socks with abbreviations. For example DLTR for Dollar Tree GM General Motors Company and so on. When you download the app you will see a list of companies. You can add companies of your own to a list called Watchlist. 

This is a watchlist from an iPhone. The stock comes with different prices Google  GOOG would be $1895 to buy one stock. But there are stocks for 20 cents. Say you buy 100 stocks will be $20. Later today or  tomorrow it became 30 cents. Now your 20 has become 30 dollars. You made 10 dollars.

Robinhood has no commission. You now have 30 dollars. Think of a stock that you bought for $2.39 that became $70 dollars. This is a true example that happen to me. I had bought 190 stocks. You do the math. 

What are people talking about loosing in the stock market. You don't have to lose anything. If you invested $20 dollars and the stock went down in price don't sell it. Keep it until it goes up. Socks go up and down in price all the time. It is because more people are buying and or selling. It is a normal process. 


Now that you know the basics. Learn  to get the most out of The Stock Market. Robinhood is one good place to start. Click on the link and your free stock is waiting for you. Good Luck! investing.

Please hit me up for questions or concerns. If you are seeing this we are friends on Facebook. I will add to this blog more information in the future as I get questions. 


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