How to Start Investing: A Comprehensive Guide for New Investors
Investing Basics: How to Get Started
You just got a job and want to start investing. Now what? In this podcast, Motley Fool personal finance expert Robert Brokamp and contributor Matt Frankel break down choices facing new investors, and give some advice for long-term success.
Key Points Discussed:
- The three things needed to invest in individual stocks.
- How to select a brokerage account.
- The fees that investors will encounter, and how to avoid some of them.
Every investor has to start somewhere, and this article highlights four steps to opening your first investment account. It's crucial to determine the purpose and timeframe of the account, make the most of work-sponsored retirement plans, choose the best discount broker, and select suitable investments to achieve financial goals.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.