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So you want to get started investing in the stock
market,
how much money do you need to get started?
Well, it depends. But I'm pleased to say that these
days,
you can get started investing with as little as $5.
That means you can dip your toe into the investing
market without committing much money upfront and see how you
get on. Even if you buy just one share, learning
how to do that is a fantastic life skill to have.
Watching its value float up and down over time will
reassure you that your money hasn't just evaporated overtime. You
might have some other things to fix with your personal finances
before you commit lots of money to investing like paying
off credit cards or building an emergency fund. If you
don't have much cash,
it's great that you can still start your investment journey now
and learn how to do it right now with a
small amount of money rather than waiting until your finances
are perfect. You will already know how to invest and when
your cash finally starts flowing in, you can immediately begin
to grow your investment fast and hard. Don't worry if
your initial little investment gets eaten up by fees you ,
can consider it the cost of your investing education. But over
the long term, fees are a big deal,
because they can really slow the growth of your portfolio
and take a huge bite out of your happy retirement
in the future.
There are expensive ways and cheap ways to invest and you
might as well
get it right first time. So in this module,
I'm going to show you where you can invest in the
stock market cheaply, how much you need for various investment
types and what it's going to cost you when you
add up all the fees and charges along the way.
Start having a think now about how much money you can invest
upfront as a test transaction, as I want this to
be real for you.
Is it 100 dirhams or $1,000?
Make a commitment to yourself now to get that money
invested as soon as possible ,like next week. By the
way,
please
don't do an initial investment of more than $1,000.
With any new system, you have to test the pipes
first.
I've known people who attempted to transfer and invest tens
of thousands of dollars the first time round and it
was pretty stressful when they got one of the steps wrong.
Don't worry, you're not going to make this mistake.
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