How To Start Your Investing.

How To SART You're Investing.

 Start Your Investment Through Mutual Funds and Brokerage

Talk to you about getting started investing. So many young people stay out of the stock market because they're intimidated by its complexity, or they think they don't have enough money to get started investing. And as a result they miss out on hundreds of thousands of dollars of potential returns over their lifetime.

You can't afford  to invest if you want to enjoy any kind of long term financial security. there's a lot of options available to you to get started no matter what your situation or understanding of the market.

You  Can Start Investing By Mutual Funds.

The first and easiest way to get started investing is mutual funds. These are typically available directly from your bank and you can start with as little as $50.

In a mutual fund, you're actually giving your money over to a fund manager who invests itin a series of stocks or other investments on your behalf.

As a result, mutual funds typically come with some higher fees, but it really takes the load off you doing the stock picking individually so it might be a good option for you. When you're selecting mutual funds, look very closely at the fees so you know exactly how much you're paying.

These fees will be listed as the MER fee, and you want to try to stay around 1%. A lot of mutual funds will have these fees as high as 3% or 4%. Stay away from those, you can't afford to have that much of your return eaten up by fees. If you have a little more money to invest, and want to pay fewer fees, your next choice is a robo-advisor. These are awesome online wealth management tools that you need about $1,000 to get started in a portfolio.

All you need to do is deposit your money, and they take care of the rest, just like a mutual fund, except for at a much lower cost. For a robo-advisor, you can typically expect to spend somewhere between 0.5% and 1% in fees. Finally, the last option to get started investing is to open your own brokerage account.

Brokerage

If you bank with a large financial institution they might be able to offer you their own brokerage account but otherwise you might have to look for an online brokerage provider. When you have a brokerage account, you are actually responsible for doing all the investing yourself. This means you have to choose your stocks and ETFs, you have to decide when to buy and sell, and your responsible for managing all your taxes and so on.

If that sounds like too much work, then the robo-advisor or the mutual funds are probably a better option for you, but if you want to be more in control of your money and pay the least amount of fees possible, then a brokerage account is the right fit.

To get started, you'll only need about $1,000 and you can begin trading right away. If you want to learn how to invest in the stock market there's plenty of different resources online and off that you could use.