How Do You Invest In Stock
MONEY MONDAYS
The LSherie Alert, LLC welcomes you to another edition of Money Mondays, a financial wellness conversation to help build your financial wealth with financial guru, Andrell D. Harris. Money Mondays was created to share financial wisdom, tips, and other suggestions for you to follow. Andrell is an accomplished businessman, investor, philanthropist and lover of Jackson State University. Why are we doing this? Why not? Millions of people including myself are looking for ways to increase our finances, learn the tricks of the trade, become active in stock and investments and so much more. The purpose of learning is sharing what’s been learned to help others.
__________________________________________________
INVESTING IN STOCK 101 – Part IV
How Do You Invest In Stock
I made my first investment at 17 when I started a vending machine company. I kept this company until I was 22, I sold it in 2008. I built this business from one vending machine to over 60 machines and locations throughout the state of Mississippi. I started investing in the Stock Market when I was 20 with money I made from my vending service. In this version of Money Mondays I will outline the things that I did to get started investing in a system that has changed my life, that system is the Stock Market. How do you Invest in the Stock Market?
I suggest that you save $500 before you start investing. Most online brokers have a $500 to $2000 minimum to open an account.
Save your money and know that when you start Investing, you should be willing to be put the money away for three to five years to maximize your investment return.
1. Save $500 to $2,000
2. Research. The worst thing you can do is BUY stock without doing your research. You should do your due diligence to ensure that the company has organic earnings growth, a solid dividend, competent management, and a product/service that you think will do well for years and years to come.
3. Open a brokerage account. Below is a list of online brokers. Brokers charge you a fee when you buy and when you sell stock. These fees are normally $4.99 to $9.99 a trade. Most online brokers will give you 90 days worth of free trades for opening an account because this business is extremely competitive. Check out the list of a few online brokers. I suggest that you research them and pick the one that is best for you.
www.Etrade.com
www.scottrade.com
www.tdameritrade.com
www.Schwab.com
www.tradeking.com
All of these brokers work for you and they will answer a million questions before you open an account. Before I opened an account I asked tons of questions, they answered every question that I had. I was 20 when I bought my first stock, I explained that I was a new investor and Etrade was extremely helpful. Start investing today, it changed my life and I am confident it can change yours too!
Financially Yours,
Andrell D. Harris
__________________________________________________
Money Mondays will be RIGHT HERE every Monday on www.TheLSherieAlert.com
TOPIC #9| MORE STOCK TALK
__________________________________________________
WORD ON THE STREET
Andrell D. Harris is a successful financial planner, living in the big city, but still mindful of his Jackson home. A JSU superstar, Andrell has started a Money Monday series. All are welcome. Click the graphic for details. Way to go Andrell. Unknown the Jackson State Tigers are proud. – Jeff Good
CONNECT WITH ANDRELL
Submit All Questions | InvestOurDollars@gmail.com
