Jonathan
What's the best way to get into investing?
As an 18-year-old, I want to start investing in the stock market within America and possibly foreign stocks. How might I go about this properly? #keepitsustainable
1 answer
Austin L.
Austin’s Answer
Jonathan, great question. It is never too early to start investing and frankly the earlier the better. So there are a few different paths that you can take: you can go with the well known and established brokerage firms (think E*Trade) who have tons of tools that you can use and collect tons of metrics so that you are able to make the decision possible, or you can go with the newer options (Robinhood or Acorn are two examples). It's important to do your research, especially surrounding transaction fees. Some places charge you a few dollars per trade, while others are free. I personally use and LOVE Robinhood as it is free to trade, no fees, mobile based (it just came out with an online platform), easy to use, and easy to set up. It does not have as many tool as E*Trade and the likes so you will have to really do your research, but the cost (free) and ease of use make up for that loss in my opinion.
https://www.robinhood.com/
Do your research, way the pros and cons, and start trading!!
Best,
Austin
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