Investing is rewarding but can be a minefield. That's why at MeMoreMoney we break it down for you, our mission is to give anyone who wants to the ability to invest safely to be able to do so. We show you the tools and reviews so that you can work out what's right for you.
Where to start
Looking for help with which stocks to buy? Read our full review on Motley Fool stock advisor service to find out how founder Mary Elizabeth has used it to build her own portfolio.
Some of the best books on investing were written over 30 years ago would you believe. And the advice is still relevant today. Read our full list of the best investing books that won't break the bank and will help you get off on the right foot.
I'm Mary Elizabeth
When I first started investing my family warned me off, saying it was too risky and I would loose all of my money. What I have found is that by using proven tools and educating myself the stock market is not so scary. But it's not about following gimmicks and day trading where I found success but in long term trading and a wide portfolio.
How Investing works in a nutshell
Open a brokerage account
Research which stocks you would like to invest in, ideally you should try to have at least 15 different ones
Purchase stocks using your broker or brokerage app
Leave it be, you should be investing for the long term. Most experts suggest 5 years as a minimum to cope with stock market ups and downs.
Don't know which stocks to buy?
Knowing where to invest can be the hardest part, thats why a stock advisor service can be beneficial. Not only do they recommend which stocks to buy, services like Motley Fool also give you advise on how to set your portfolio up the right way.
Frequently asked questions on Investing
A brokerage account is what you need to buy and sell stocks on the stock market. Like a bank you can transfer money in a out of the account but unlike a bank you can use this account to buy stocks, bonds and mutual funds. There are lots of different brokerage accounts available, some now that you can access without trading fees. Make sure to fully check all fees before signing up to a broker.
Well Einstein called it the 8th wonder of the world. You should think of compound interest as interest on interest. It works on the principle that you reinvest all of your interest in to your savings so that each year your interest in earning more and more. Compound interest is definitely something that they should teach in school!
You can start investing with as little as $100, the key is to be consistent with it and it will build up. Make sure to pay off any high interest debts before you start investing as you will not likely out pay these. Never take out a loan to invest.