Investing for Beginners (Step-by-Step) | How to Get Started
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- Опубликовано: 13 авг 2024
- In this video, I will show you how to invest in the stock market in 5 beginner-friendly steps. Getting started investing in 2021 is easy if you follow this guide. We discuss how the stock market works, the questions you need to ask yourself before making your investment, how to choose an investment account type (Roth IRA, taxable brokerage, 401k, etc.), how to choose an investment brokerage, how to choose your personal investment strategy, and how to take the emotion out of investing to keep you level-headed during stock market downturns. We also discuss ways to minimize your tax liabilities while investing by using tax-advantaged accounts like Roth IRAs and 401(k)s.
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🕒 TIMESTAMPS 🕒
0:00 - How does the stock market work?
4:37 - Pre-investing checklist
6:42 - Investment account type
9:35 - Brokerages
12:51 - Investment strategy
16:21 - Keep the emotion out of investing
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Disclaimer: I am not a professional financial advisor nor a tax professional. The content presented in this video is for entertainment and educational purposes only.
This is a must watch for everyone, not just the beginners.
An awesome in-depth video! Very useful to beginners and really well-spoken so the concepts are easy to understand. Looking forward to seeing more content like this from your channel 👍
This is some quality work! You are amazing! Keep it up!
Your cat is beautiful color!
Loving your videos. So concise, no time wasted, right to the point and easy to understand. Thank you!
Investing is a stepping stone to success, investing is what creates wealth.
You are right, the early you hop in, the early your wealth grows. Thanks Alex!
Thanks for watching, Mr. Turtle! Haha. 😂 It's so true though - time is everything when it comes to investing.
Love your channel! Love the info!
Thank you so much for sharing making these - you're the only person who gives it straight and in a very digestible way! I'm looking forward to the three fund portfolio video :)
I took a short break from YT but that video will be out soon!! Thanks for watching. :)
Great info!!! thanks!!
Now is a great time to come back and be a RUclipsr I took a year off and came back and the algorithm likes me
Thanks for the great explanation!
Thanks for watching!
Thank you Alex! great video!
Can you talk about REIT funds?
And what do you recommend if I want to save for downpayment of first home probably in few years?
Thank you! I'll note down REIT funds for a future video. :) A few years is tricky - some people will say keep it in a high-yield savings account or a CD, while others would invest it in the market. Ultimately it comes down to your risk tolerance and how flexible you can be with your house-purchase timeline if the market dips when you were planning on taking it out. You also need to keep in mind your potential tax burden if you choose to invest.
Is there any way to switch my Roth IRA on Charles Schwab into a traditional IRA?
It should be possible. I'd give Schwab a call and have them walk you through the process. I think it's a lot more common to go the other way (traditional into Roth). Keep in mind you should get a tax break for the conversion, *but* your withdrawals will no longer be tax-free, like they would be with a Roth.
The only thing that makes me move so slow is LOSING money. But I think the more I learn the faster my fear would move out.
For sure, it definitely is scary to see your hard-earned money diminish during a dip. But keeping a solid emergency fund, not checking my investments too often, and investing in "slow and steady" investments like index funds makes it a bit easier for me!
Time to yolo on meme stonks
It's ALWAYS time to yolo on meme stocks 🙃