Here and now.
At first sight it appears a daunting task, but as for anything else, the biggest hurdle is to start somewhere. To make that move.
With the advent of internet, retrieving information has become so easy that everything is at our fingertips. Starting your investing journey is no different.
There are lots of places that you can use in order to put your money into work.
Whether you are a European, US or Asia-based investor nothing is stopping you from setting up an investment account.
There are so many providers that you can choose, for instance Hargreaves Lansdown (UK), Fidelity Stock & Shares (US), Nutmeg (UK), Robinhood (US), IG (UK), InstaForex (Asia), 2TradeAsia (Asia), Charles Swab (US), TD Ameritrade (US), Interactive Brokers (US) to cite a few.
Another investment avenue which is becoming increasingly popular are Robo-Advisors 🤖 which are platforms that allow you to commit and invest amounts lower than 1 $/€/£ or spare change according to a defined rule. These are cheap, easy to use, and a good place to start.
Although I do not endorse any of the above in a particular way, you might find that they are global firms, so even though I have specified the country code next to it, the same provider (i.e. broker) might well work in more than one country.
In essence, the key point is to:
Choose one platform
Put some money in
Invest
Try to go with the cheapest option, especially if you are starting with a little pot of money.
Once you have done 1 and 2, do not rush before investing. For instance, do the following:
Research the market
Make an investment plan (I can help)
Execute it
How to research the market?
First of all you should find out what kind of investor you are. This is very specific to any person. Also you should be mindful of the different types of investment approach so to make sure you understand what you are doing.
For instance, build an idea of what Equity or Bonds markets, or Commodities, you feel good to get exposure to and use all the creativity you have to connect the dots that will ultimately provide the foundation of your starting plan.
It is true that investing does require a bit of analytical, objective-oriented approach, but you gotta feel what is right doing at any point in time, with a bit of guidance. Also do remember that investing is a long term game and what you are doing here is starting the game.
Comments