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Newly Legal and Looking to Gamble: Getting Started in the Stock Market

Setting up an Investment/Brokerage Account

Setting up an investment account is your first major step in investing. This lets you buy/sell stocks, ETFs, funds, and all kinds of securities.

The process is rather quick and easy:

  1. Put in your personal information
  2. Confirm your identity
  3. Link and fund an account
  4. Start picking stocks

TD Ameritrade and Robinhood are two easy brokerages to get started with. Others like E-Trade, InteractiveBrokers, and TradeStation are more in-depth. Figure out what's best for you based on your stock market / investing knowledge.

One more thing...

Many financial institutions are waving their fees these days. Charles Schwab, Robinhood, and Fidelity offer $0 stock and ETF trades. These are perfect for getting an introduction to the stock market!

Making Your First Investment(s)

Smart investing is a combination of:

The best beginner investments are usually those in companies you know. Or, something well-rounded and generally stable like an ETF (a collection of securities). 

We can't make the decision for you — but look into:

  • The top 100 most traded stocks
  • Suggestions from investing mentors
  • A "starter" portfolio of diversified companies
  • Index funds or mutual fund

Dig out those investment papers you got from HR if your work offered a 401k. Or, talk with your peers and see what they'd recommend. 

Want something super simple? Consider FAANG or:

  • Facebook
  • Amazon
  • Apple
  • Netflix
  • Google

The 5 tech companies that basically dominate the world, ya know?

The Biggest Lesson on Getting Started in the Stock Market Is This...

The market is irrational.

The market doesn't often reflect what's going on in the world. Look at how it soared during our highest unemployment as a perfect example. Investors, too, are irrational and chase trades based on hype, FOMO, and vendettas.

There are bubbles. Disruptive presidential tweets. Insider trading. Unexpected policy changes. Full-on pandemics. Goading agencies through memes. The list goes on and on. This happens all day, every day and there's no true pattern to it.

The market rarely moves the way you expect.

Why mention this at all? To encourage these:

  1. Don't invest money you're not willing to lose
  2. Don't chase plays out of vendettas or gut feelings
  3. Don't go into investments without risk management
  4. Don't fall for FOMO, hype, and "sure-fire" things

They say the best investors are dead.

The idea behind it reinforces this notion of conservative investing. The investor-type that puts money in and doesn't touch it. Why? Because not reacting to the market's irrational behavior keeps your investment growing.

The point is this:

  1. Do your research
  2. Invest wisely
  3. Leave it alone

Done. You're now trading better than a huge chunk of "investors".

Embrace That Financial Lifestyle

They don't teach you about getting started in the stock market in school. For many, it's a dull topic because it's about numbers and news and whatnot.

You've got to find a passion for this stuff. Make it a lifestyle.

Get absorbed in learning about investing and being part of the community. This is what keeps you attuned to what's happening so you can make better plays.

So...

Want to show your interest in finance? What better way than rockin' some awesome market apparel and art?!

Check out our newest releases today!

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