I think a lot of people who are new to investing get stuck on what buttons to press to actually invest. The idea of money making money is so abstract, it’s hard to even wrap your head it around unless you can SEE it. No amount of emojis becoming millionaires does that, so this is a walk through of the actual buttons you need to press to start investing!
I used Fidelity in this example, but the steps would be the same with another quality brokerage like Vanguard or Schwab. As always, this isn’t an ad for Fidelity and I have never taken any money from any companies for any reason in order to avoid a conflict of interest. I personally have most of my money with Fidelity, but also have a Vanguard account!
This goes into the mechanics of what buttons to click, but I highly recommend not doing anything you don’t understand. Check my other posts on why I love target date index funds and other fundamental concepts of investing. Read a book, watch some youtube videos, or take my course to keep learning. And as always, investing involves risk so do so at your own risk.
As always, reminding you to build wealth by following the two PFC rules: 1.) Live below your means and 2.) Invest early and often.
2020 has been a rough year for reasons we’re all well aware of, but silver linings! Bars being closed means that for many of us,