How Can a College Student Invest?
In my opinion college students are the best investors. They are constantly learning and not afraid to make mistakes. As you get a college education, you should be getting an education in building wealth.
Most Investors Start with Stocks
When you first start investing you will most likely want to start with stocks. The reason most first time investors start with stocks is that they are easy to relate to and they are widely talked about. You can start up a conversation about stocks with almost anyone and they should be able to voice at least an opinion. While some believe that there are certain best stocks for college students, I believe a general education on investing is important.
How to Get Started Investing in Stocks
You may think that investing is difficult or that it is hard to get started. That is not the case. Beginning your investing journey is as easy as opening an investing account. I have a few accounts with different brokers and I like them for different reasons. I like Betterment because I can invest automatically without choosing stocks, I like Motif because I can follow my favorite investors and watch their trades, and I like Loyal3 because I can buy and sell companies that I know and love.
Curious to see how I invest? Click here for my Gemini Portfolio.
What is a Stock?
A stock or a share, is an ownership interest in a business. A publicly traded business will use stocks, also called equity, to raise capital. As a stockholder, you own a piece of a business. You have the right to vote on certain changes, and you should be involved in the process.
How to REALLY Trade Stocks
Once you’ve placed a few trades and are confident in your abilities, it’s time to put some muscle behind your trades. You can beat the stock market if you make the choice to research your trades and take the time to follow the markets carefully.
Technical Analysis vs. Fundamental Analysis
This is where you have to do your homework and it’s really not that hard. Fundamental analysis is looking at the story behind the price changes whereas technical analysis is looking at the previous price changes to determine a future.
Ready to start investing the easy way? Get started with Betterment. Betterment is an online broker that invests for you. All you have to do is open an account. Each time you deposit, they automatically purchase a basket of ETFs for you based on your personal risk preferences.