If you are ready to go from simply saving to investing, you are probably hoping to make some more money. That's with good reason. I'm sure you'd rather make more than the half a percent you're earning in your savings account. Even as high as online savings accounts are, it's still not as high as you could be earning through investments in stock.
Once you are ready to start investing, choose a type of investment, and then you can get started. There is a large variety of different types of investments out there. You could go with complex investments such as derivatives or commodities, or you could go with the more common choices of stocks and bonds. If you are going to buy stocks, you will need to set up an account with a broker.
If your a beginner investor or if you are looking for a low cost way to invest, an online brokerage firm could be right for you. You don't have to set up any appointments with a broker or make any continuous phone calls. Everything is done right online. It's so easy, there's no excuse for not getting started and signed up right away.
My brokerage firm of choice is Sharebuilder.com. I have been with them for about 2 years and have bought and sold stock with them several times. They are perfect for long term investors who buy and sell because orders only cost $4 and trades are only $9.95. If you aren't looking to buy stock directly, you can invest in mutual funds, too.
Signing up is very simple. If you want to sign up with Sharebuilder just visit the link at the end of this article. Signing up is easy. First, click through the link to get to the site.
Go through the sign up process and fill out a few forms. You will have to either fax or mail copies of ID and verification. This is a good thing; it adds to the security of your account.
Sharebuilder is a very secure account. You have to log into your account with a password and you need more verification before you can place a trade. Also, they have the padlock in the browser when you're on the site. Make sure you see this next to the address bar to ensure your safety.
When your account is officially set up and ready, you can begin investing. There are two ways to buy stocks. First, you could pay $4 a trade on every third Tuesday of the month or you can pay $9.95 to trade whenever you like. You also have the choice to set up an automatic investment plan for regular investing.
Once you are ready to start investing, choose a type of investment, and then you can get started. There is a large variety of different types of investments out there. You could go with complex investments such as derivatives or commodities, or you could go with the more common choices of stocks and bonds. If you are going to buy stocks, you will need to set up an account with a broker.
If your a beginner investor or if you are looking for a low cost way to invest, an online brokerage firm could be right for you. You don't have to set up any appointments with a broker or make any continuous phone calls. Everything is done right online. It's so easy, there's no excuse for not getting started and signed up right away.
My brokerage firm of choice is Sharebuilder.com. I have been with them for about 2 years and have bought and sold stock with them several times. They are perfect for long term investors who buy and sell because orders only cost $4 and trades are only $9.95. If you aren't looking to buy stock directly, you can invest in mutual funds, too.
Signing up is very simple. If you want to sign up with Sharebuilder just visit the link at the end of this article. Signing up is easy. First, click through the link to get to the site.
Go through the sign up process and fill out a few forms. You will have to either fax or mail copies of ID and verification. This is a good thing; it adds to the security of your account.
Sharebuilder is a very secure account. You have to log into your account with a password and you need more verification before you can place a trade. Also, they have the padlock in the browser when you're on the site. Make sure you see this next to the address bar to ensure your safety.
When your account is officially set up and ready, you can begin investing. There are two ways to buy stocks. First, you could pay $4 a trade on every third Tuesday of the month or you can pay $9.95 to trade whenever you like. You also have the choice to set up an automatic investment plan for regular investing.
About the Author:
Find out more about how to start investing and to set up an account with Sharebuilder. You can also try investing while in college. Don't wait any longer, start investing today!
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