Investing doesn’t require you staring at charts, account sheets and candlestick graphs for hours. You can start investing with very minimal money and let it grow by itself. Invest wisely so that your money works for you to make more money.
But the question of where should you invest and how to start investing is where most struggle. Once the first step at investing is made, the whole ocean looks like easy sail. So here we are to bust the fear of first time investing and help you make baby steps in investing.
How to start investing?
Investing is the essential part of money making which is why everyone should start investing. Starting to invest has two parts – understanding basics of investing and find the right investment strategy.
We have a detailed article on both which we recommend reading if you are a beginner.
When to start investing?
There is no better time to start investing than ‘Now’. Be it student, fresher at work or C-level officer, if you haven’t started investing yet, do it now. Students can start trickle investing starting at $50 in assets like equity and crypto and understand the ins and outs of investing before you make big money.
Don’t wait to invest. There is no better time to start than now.
Where to start investing?
Investing choices are abundant and there are lot of automated, semi-automated and managed investment vehicle to get stated on. No, we are not talking about the Trillion-dollar hedge funds. You can start investing as low as $50 from day one, even without much knowledge in investing. Here are some of our picks for you.
Robo-Advisors are investing accounts that automatically allocate your funds to various mutual funds, ETFs and other investing medium.
On opening a robo-advisor account you will be prompted to answer a few questions to identify your investing goals and risk appetite. From then you can add funds in any sizes any time and the algorithm will balance your investments across various asset classes for the best outcome based on the past performance data.
Nothing comes for free. So does the robo-advisor account. You will be charged a nominal fee far lesser than human advisors or managed funds. Robo-advisor accounts are a great choice if you are getting started and don’t want to get into the numbers and charts of investing.
If you want little more control and allocate funds yourself, Index funds, Exchange Trade Funds (ETFs) and Mutual Funds are good options. Here your money is part of the pool that is invested in a genre like commodity, top 50, etc. Mutual funds are actively managed, ETF passively managed, and Index funds even lesser.
Mutual funds and Index funds can be bought and withdrawn like operating money in and out of an account and comes with a small fee. ETFs are very similar to Index funds except they are traded in the exchange so the fees are lesser comparatively. The minimum barrier to investment funds is little higher at around $500.
Invest in (penny) stocks
Want more deeper control over your investments, start investing directly in equities. Equities can be overwhelming at first. But start small and one at a time, observe, learn the basics and double down to make your investing journey interesting.
Penny stocks and Cryptocurrency are areas you can tap into and make quick profits as a beginner if you have the time and interest. Keep in mind, it can also go the opposite way, so invest small amounts until you are confident.
Start with real estate
“Ninety percent of all millionaires become so through owning real estate.” – Andrew Carnegie
Real estate is the most solid asset class that gives both rental revenue, revenue through appreciation. But investing in real estate comes with its own drawbacks of being a landlord.
But don’t worry, owning a real piece of land is not the only option to investing in real estate. Not REITs, Real Estate Crowdfunding are gaining popularity which enables people to start investing as low as $5000 and also have a diversified portfolio of family and commercial properties.
GCG Real Estate has two amazing investment opportunities in single and multi-family properties in the US. We also provide exclusive investment tips and insights for our VIP club investors.