Happy Sunday,
Investing is one of the most powerful tools for building wealth and achieving your financial goals. However, for many people, getting started with investing can be intimidating and overwhelming. That's how I felt when I first started, but with a little bit of research, effort and a ton of help from my father, I was able to get started and make progress towards my goals.
My journey into investing began with a desire to take control of my financial future. I realized that relying solely on my job's income wouldn't be enough to achieve my long-term goals, such as buying a house, investing in rental properties, starting a business or retiring comfortably. So, I decided to educate myself on the basics of trading and investing.
The first thing I did was read some basic investing books and articles to get a better understanding of the different investment options available. This helped me get a general sense of what investing entails and what I needed to know before diving in.
Next, I set up a budget and started saving money to invest. I began by putting aside a small amount of money each month that I could use to invest in stocks, bonds, or other investments. Over time, as I became more comfortable with investing, I increased the amount I was investing.
After that, I opened a brokerage account with TradeStation. I chose them based on their low fees, good reputation, and user-friendly platform. With my account set up, I started researching different stocks, options, futures and bonds.
As I gained more experience, I diversified my investments by supplementing my investing with options and futures trading. This allowed me to diversify my portfolio with various different strategies to make money.
Overall, getting started with investing requires a combination of education, discipline, and patience. It's important to take the time to educate yourself on the basics of investing, set clear goals, and develop a sound investment plan that's aligned with your risk tolerance and financial objectives.
While investing does come with some risk, it's also one of the best ways to build long-term wealth and achieve financial freedom. By starting small, investing regularly, and staying disciplined, anyone can get started on the path to financial success
Great to read about your journey! I am a big fan of your twitter and happy to see you also on substack!