Stock investing, when done well, is among the most effective ways to build long-term wealth.
Here's a step-by-step guide to investing money in the stock market to help ensure you're doing it the right way:
- Determine your investing approach - The first thing to consider is how to start investing in stocks.
- Decide how much you will invest in stocks - First, let's talk about the money you shouldn't invest in stocks.
- Open an investment account - All of the advice about investing in stocks for beginners doesn't do you much good if you don't have any way to actually buy stocks.
- Choose your stocks - Now that we've answered the question of how you buy stock, if you're looking for some great beginner-friendly investment ideas, here are five great stocks to help get you started.
- Continue investing - Here's one of the biggest secrets of investing, courtesy of the Oracle of Omaha himself, Warren Buffett.
