How To Invest In Stocks Con Solo $5
Some people hear “stock market” and think they have to be rich como A-Rod or aggressive como el Wolf of Wall Street pero you don’t have to be either of those things. You can actually start investing in the stock market with as little as $5 all while streaming your favorite Netflix shows or novelas! 📈📊
We’ve compiled a quick guide so you can start mastering the stock market the way you master every lyric of a Bad Bunny album. 🐰 And for our first MONTHLY Dinero Session on January 28th, SUMA has partnered with Stockpile, an app-based brokerage that aims to make investing less intimidating. 🙌🏽
In this Dinero Session we want to show you ways to start investing and answer any questions you may have in real time. We’ll also be giving away a chance for all attendees to win 1 out of 20 gift cards for stock from Stockpile, valued at $25. 💰😎 These can be used towards a stock of your choice. ¿Qué esperas?
Pero before the session, let’s start with the basics.
What’s the stock market? 📈
The stock market is actually a bunch of markets, like the Dow Jones and NASDAQ, where companies and investors meet. Companies use stocks to raise money through investors. As the value of the company grows (or shrinks) over time, so, too, does your investment. Investing in the stock market can be a way to help you pay for things like a car, save for retirement or a condo on that private island off Miami where you can get old with Shakira by your side.
Be early, not on Latino/a/x Time! ⏰
Stock prices rise and fall on a regular basis. Rather than get excited or deflated over a stock’s short-term movements, think about investments in the long term. Prices tend to go up over time. The market as a whole goes up an average of 9.8% per year, which is about 9.75% better than the average savings account at a bank. And if you get in early on a stock and stay put, chances are good that your money will grow over the years. Al que madruga, Dios lo ayuda!
Think Fabuloso ✨
Successful investors, like Warren Buffet, recommend investing in companies you know and understand. So, if you’re a gamer, think companies like EA and Playstation (Sony). If you’re into gadgets, check out stocks like Apple, if you are into working out, check out Nike, and if you (like everybody else) bought everything on Amazon last year, maybe it’s obvious to take a look at them. Look at their positives and negatives. Check news articles and press releases you trust. You can even get really nerdy and check out the company’s financials in their annual report. Ay, if only we could invest in the tacos we love…
If you want to learn more on investing and other financial topics, sign up for our Monthly Dinero Sessions below. And don’t miss our first one with Stockpile on January 28th at 4pm PST. It’s free which means you can keep ese dinero underneath your mattress until after you attend.
Didn’t get a chance to attend? No worries, you can watch it all here! We got you, fam 😉
This article is only intended to provide information and education. SUMA Wealth, Inc and its subsidiaries does not offer advisory or brokerage services, nor does it recommend or advise investors to buy or sell particular stocks or securities.
Source list: https://www.stockpile.com/gettingstarted/
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