Connect with us

Hi, what are you looking for?

Diversified Industries

How to Stop Procrastinating and Start Making Money in the Stock Market as a Millennial

Ben Franklin once said, “The money that money earns, earns money.”

For those who are newbies, investing can be defined as putting money into something where you can expect a return over time – aka, “making money as you sleep” – the best way to make money, am I right? The goal of investing is maximizing your return and minimizing risk.

Making money

Two common myths about investing are that investing is super complicated and that investing is the same as gambling.

The goal of investing is quite simple — to maximize return and minimize risk, and while some investments are like gambling, you can find things to invest in that are very safe and will offer almost guaranteed returns. You can also control the amount of risk you take with investments.

While the three most secure investments are stocks, bonds, and real estate, it’s smart to diversify your portfolio and invest in a variety of things that you expect to go up over time.

How to Start Investing and Making Money

  1. Figure out how much you can afford to invest
  • Pay yourself first – meaning, invest as much as you can each month because your future self will thank you for it
  • Great companies to invest in for beginners who may not be looking to invest thousands yet are Apple, Disney, and Costco
  • Your “savings rate” is the percentage of your income that you invest – and the higher it is, the earlier you’ll be able to retire. So try to get your savings rate up as high as you can
  1. Separate your short-term investment strategies from your long-term investment strategies

  • Don’t put all of your investments into the same accounts, there is a difference between short-term and long-term investing
  • Short-term investments are for money you’ll want in 5 years or sooner. Rather than keeping your money in a savings account (where you’ll lose money over time due to inflation), invest it – it’s a safer option. You could put your money in a high-interest savings account or a certificate of deposit account
  • Long-term investments are for money you’ll want in 10 years or more, so likely your retirement money. Two types of retirement accounts include those offered by an employer, and those you sign up for yourself
  1. Decide how much risk you’re willing to take
  2. Pick what goes into your long term retirement investment accounts
  3. Invest as much as you can in tax-advantaged accounts
  • Minimize taxes as much as possible

  1. Invest early, often, and as much as possible
  2. Track your investments and net worth

The hardest part is starting — investing may seem intimidating at first, but at https://investorscene1.wpengine.com, we want to help you through every step of making money. Check out our other blog posts for more investing tips and companies we’ve got our eye on right now.

You May Also Like

Blog

An investor’s best friend is the candlestick chart, which you can use to identify trends in stocks, commodities, and currencies. The most reliable patterns...

Technology

The blog post breaks down what are candlestick patterns, how to read easy to see patterns, how candlesticks are formed, how to read charts,...

Diversified Industries

This blog breaks down the essential candlestick patterns that will help traders with investing. Also, investors are encouraged to look into the body, wick,...

Diversified Industries

In this blog we explore the top 6 unknown and cheap stocks for millennials to invest in. This list includes: Zynga (NASDAQ:ZNGA), Franks International...

Investor Scene

InvestorScene.com, a leading financial news informational web portal designed to provide the latest trends in Market News, Investing News, in-depth broadcasts on Stock News, Market Analysis and Company Interviews.

InvestorScene.com also provides financial news PR marketing and advertising for third parties for disseminating news and original content through our unique media platform that includes Newswire Delivery, Digital Advertising, Social Media Relations, Video Production, Broadcasting, and Financial Publications.



Copyright © 2022 www.investorscene.com - a GloBull Media, LLC Brand