Reason 5: Get Started Easily
Get Started Easily
Investing doesn’t have to be super time-consuming or complicated. Neither do you need a lot of money or knowledge to get started.
There are so many different stocks and companies you can invest in. Let’s compare this to investing in real estate to illustrate this better. To start investing in real estate, you’ll most likely need tens of thousands of dollars at the very least. With stock investing, you can start with a much less intimidating $500, or even less than that.
The legendary mutual fund manager Peter Lynch recommends that you “Use your specialized knowledge to hone in on stocks you can analyze, study them and then decide if they’re worth owning. The best way to invest is to look at companies competing in the field where you work. Someone with deep restaurant-industry experience would have predicted the success of Panera Bread Co. and Chipotle Mexican Grill Inc.”.
Another sweet thing is, there are plenty of resources out there to help you get started with investing. If you’re reading this, you’re off to a great start already! With SprinkleBit, you can get hands-on trading experience based on real-time quotes. You can practice stock trading without having to spend a single penny of your hard-earned money. And when you’re ready, you can get started with investing real money through a registered broker such as SprinkleBrokerage.