If the pandemic has taught us anything, it is that if you stay ready, you won’t have to get ready. Now, while it caught everyone off-guard, our community [black community] has a way of being able to make something out of nothing. This ability has shown itself a useful commodity in times like this. Which is why being active in the stock market is an easy way to stay ready.
Getting started in the stock market is not as hard or difficult as you may believe. I started investing 20 years ago as a young woman. I wish I knew then what I know now but since I can’t rewrite the past, I can help you make a wise decision today. Investments have come a long way from when I first started and I stress to you the amazing benefit that is for anyone that really wants to build a financial future.
Establish a brokerage account. There are several platforms available today that have zero fees. My favorite is Robinhood. You can also use WeBull, ETrade, and TD Ameritrade (Think or Swim). All of these are super simple to set up (Robinhood being the easiest and most user-friendly by far). The hardest thing to do is start! Girl, set up that account already.
Fund it. It doesn’t take much. You can fund it with as little as $50. And no, you don’t have to be a millionaire to invest in the market. I’ve literally taken $100 and turned it into $1200 in less than a couple weeks trading options (which you can do on any of the above apps). So, sis… It can happen. But be sure that you establish an investment budget so that you only make trades or buy shares from that money that has been alotted for investments. I have a trade group in which I give alerts for options and day trades. We also talk funding your investments and other great tips. We have a waiting list, so go ahead and sign up here, we’re opening to new members soon:
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Research & Study. Watch the news (I suggest CNBC), purchase books like “Follow The Smart Money” and listen to podcasts. You want to fill up your time with information about how to master the market. I watch CNBC from sun up to sun down, and it has enriched my knowledge and success in the market.
Build a portfolio. Start by purchasing shares of stock from companies you use most. If you’re using it daily, it’s definitely a stock worth investing in.
