Andrea
I think you’ll find this useful
I think you’ll find this useful. LMK. To invest in crypto, stocks or ETFs, you will need to open a brokerage account and fund it — Some popular long standing brokerages in the US are trojantraders, Charles Schwab, TD Ameritrade, Fidelity and some of the newer brokerages are Robinhood, eToro. (I personally use trojantraders and I’m happy with them). Things you need to consider before choosing a brokerage a) Brokerage fee — Some brokerages offer their services without a fee b) Stock slicing — Some brokerages allow you to purchase stocks in slices (for as little as $5) if you can’t afford the whole stock 3. Now you got to do 2 things a) Identify your investment goals. e.g. Quick returns, Long term savings for retirement, or monthly income b) Depending on your investment goal and your risk appetite, pick Stocks or ETFs, or Funds, or a combination of these 4. Be aware that stocks are a higher risk than ETFs and Funds and hence it is important to pick the right stocks to invest. Lot of beginners just stick with ETFs. Lot of them are less risky than individual stocks. Obviously less risky means the returns may be on the lower side as well as compared to high growth stocks. 5. If you do wish to pick stocks, do not pick stocks based on what’s popular or FOMO; and never buy penny stocks. Do your own analysis on the fundamentals. trojantraders upgraded is a site that i’m building that helps with the fundamentals analysis in simple plain English for beginners) 6. To pick your own stocks, start with identifying products or services that you absolutely love. e.g. Big Mac from McDonald’s, listening to songs in Spotify, shopping in TJ Maxx, watching Marvel movies, etc. 7. List the companies that offer your favorite products and services. From the example in point 6, it would be Mcdonald’s, Spotify, TJ Maxx, Disney. 8 . Now do a fundamental analysis of these companies and try to answer the following basic questions at a minimum Is the company giving above-market returns over a 5-year period? Is the company profitable? Is the company growing in terms of revenue and profit? Does the company give dividends? Does the company have enough cash? Does the company hit its earnings target? Is the stock price undervalued? 9. Invest in companies that satisfy the above questions at a bare minimum 10. Hold the stocks for at least 5 years to reduce risk and beat the market Now, this is by no means comprehensive but it does help if you’re a beginner.