Start Investing
It’s easy to start, just pick a broker from the bottom, open an account, and start investing. If you want a step by step guide you can take the Investing Course by clicking the button.
Brokerages
In order to start investing you need to open up a brokerage account. It sounds a little more intimidating that it actually is. I assure you it’s as easy as opening a bank account. Below are the ones I recommend and what I would recommend them for. You cannot go wrong in choosing one and you can always open up multiple. The goal is to get started with one.
Charless Schwab
You can do it all with Schwab. You are able to do long term holding, retirement accounts, stock trading and even setup your children with fraction shares.
TD Ameritrade
I personally use this one for my ETF investing. I buy ETFs monthly and leave them for the long haul. It is also one of the top trading brokers.
Fidelity
Pretty flexible as you can also trade, invest for the long term, and open up retirement accounts. The platform is pretty easy to use and straight point.
Acorns
Absolute beginner or the lazy investor. Acorns is great for get off the ground running. Now also features Family plans to start your children early.
Robinhood
Probably one of the most known brokers. I recommend this one for a beginner trader as it is simple to use and gives you important news notifications.
Ally
If you have a checking and a money market with Ally, you might as well get an investing account. Easily move money between your accounts and invest.
M1 Finance
A DIY mutual fund of whatever stocks you want with as much or as little as you want. Buy Amazon, Tesla, Google and Apple with only $20 split up bet them.
Webull
Use primarily for Stock Trading, It also has a nice community to be a part of, and we can trade paper money (fake money) to get used to it before we lose any real money.
E-Trade
Good platform and easy to use. Perfect if you have more than $1,000 to start trading but you can always use it for long term ETFs as well.
Public
New to the game but extremely simple to use. It is built like social media where you can share your trades. You are able to buy fraction shares, hello $1 of Amazon.
Tastyworks
There is a bit of a learning cure to be able to use Tastyworks. The platform is mainly used for options trading. If you don’t know what that is, you don’t need it.
Interactive Brokers
I don’t know too much about this broker, but I thought I would list it here because it is one that can be used overseas unlike the other ones.
Stop waiting...
Buying stocks is not like it was back then. Even though we had Google, getting a brokerage account wasn’t as easy as today. There are a ton of options now available! Many of them are even free and take ten minutes to set up and another two minutes finding the stock or ETF we like and investing in it! Don’t get overwhelmed deciding, choose one, and start investing. They are all good and you can always switch it later if you decide to.
Time is money
No matter what brokerage you choose time, amount, and consistency are the main factors. It’s all about doing it as early, as much, and as often as you can.
still overwhelmed?
Don’t know where to start or feeling overwhelmed? It’s ok. We recommend starting with Acorns as it gives you the ability to quickly put money in the market without all the technicals. As you learn more you can start opening accounts in larger brokerage accounts. Click below and get $5 at sign up!