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Hey Wealthy Besties, HAPPY MONDAY!! I am back with another STOCKS TALK POST!! Ok, I’ve been getting a lot more questions about how to get started in the stock market so I decided to do a quick step by step guide on where to start for my beginners. And please keep in mind I am a new DIY investor myself, I am not your financial advisor and I am just sharing what I’ve learned along the way. The stock market is a gamble, invest at YOUR own risk.

Ok, here are the 5 easy steps to get started in the stock market.

1. Start with a goal in mind.
2. Do your own research
3. Open a Brokerage Account
4. Make a list of 5 stocks to start with
5. And start trading

1-Start with a goal in mind. Before you invest in anything you need to set some goals. While you don’t need a lot of money to get started but you have to make sure that your overall financial situation can accommodate your new interest in the stock market. So do you have money coming in? Are you in debt? Do you have a set budget for your monthly expenses? Based on your answer to these questions set some goals;

• Are these investment accounts for your retirement?
• Are you investing in a shorter-term goal? maybe 3–5 years away?
• Are you investing to purchase your first home?

Setting very specific goals before starting investing will help drive your every move and every decision as you build your portfolio.

2-Do Your own Research- along with this post there’s plenty of resources online about the stock market. Most of us are DIY investors so do your own research. Learn the basics of trading. Learn the trends, learn the investing terminology. Honestly, basic knowledge of the stock market starting out could take you a lot further than most and potentially make you a lot of money.

3- Open a Brokerage Account– Yes, to invest in stocks, you need an investment account. A great brokerage account offers your the quickest and least expensive path to buying stocks. Personally I use Robinhood so of course, I would recommend Robinhood. But of course, you are more than welcome to do your own research on what’s else is out there.

Robinhood is a free-trading app that lets investors trade stocks for FREE and with no MINIMUM to open an account. Robinhood offers both web and mobile trading. And Robinhood offers a FREE stock to get started. Click HERE to signup for Robinhood and start trading.

4- Make a list of Stocks to Start With– Now that you’ve set some goals, done your research it’s time to decide on what stocks to start with. If you don’t know where to start to check out my 10 stocks to buy right now post. If you are not interested in those stocks, start with the things you know; what do you use every day? Where do you shop? What are some of your favorite things? Find the ticker symbol for them and start there. For example. One of the first stock I researched and purchased when I was introduced to the stock Market was Macy’s. Macy’s been around since 1929 so we ALL know and LOVE Macy’s. Macy’s ticker symbol is M. It’s not a great stock to have in your portfolio longterm.

5- And Start Trading– Ok, I hope this post was helpful and gave you the basic knowledge you of how to get started in the stock market and now it’s time to START TRADING!!! If you haven’t purchased your first stock, let’s do that now;

• Go to Robinhood
• Click on the search
• Type in the company
• Click on trade
• Select buy
• Type the amount of shares you want
• Click review
• Make a deposit
• Follow the instructions
• And DONE!!!