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Would you like to inspect the original subtitles? These are the user uploaded subtitles that are being translated: 1 00:00:00,000 --> 00:00:02,890 So you want to get started investing in the stock 2 00:00:02,900 --> 00:00:03,090 market, 3 00:00:03,100 --> 00:00:05,390 how much money do you need to get started? 4 00:00:05,400 --> 00:00:08,990 Well, it depends. But I'm pleased to say that these 5 00:00:09,000 --> 00:00:09,190 days, 6 00:00:09,200 --> 00:00:12,590 you can get started investing with as little as $5. 7 00:00:13,000 --> 00:00:16,590 That means you can dip your toe into the investing 8 00:00:16,600 --> 00:00:20,290 market without committing much money upfront and see how you 9 00:00:20,300 --> 00:00:24,190 get on. Even if you buy just one share, learning 10 00:00:24,200 --> 00:00:26,890 how to do that is a fantastic life skill to have. 11 00:00:26,900 --> 00:00:30,090 Watching its value float up and down over time will 12 00:00:30,100 --> 00:00:35,290 reassure you that your money hasn't just evaporated overtime. You 13 00:00:35,300 --> 00:00:37,990 might have some other things to fix with your personal finances 14 00:00:38,000 --> 00:00:41,290 before you commit lots of money to investing like paying 15 00:00:41,300 --> 00:00:44,790 off credit cards or building an emergency fund. If you 16 00:00:44,800 --> 00:00:46,190 don't have much cash, 17 00:00:46,200 --> 00:00:50,490 it's great that you can still start your investment journey now 18 00:00:50,500 --> 00:00:53,690 and learn how to do it right now with a 19 00:00:53,700 --> 00:00:56,990 small amount of money rather than waiting until your finances 20 00:00:57,000 --> 00:01:00,590 are perfect. You will already know how to invest and when 21 00:01:00,600 --> 00:01:04,190 your cash finally starts flowing in, you can immediately begin 22 00:01:04,200 --> 00:01:08,690 to grow your investment fast and hard. Don't worry if 23 00:01:08,700 --> 00:01:12,290 your initial little investment gets eaten up by fees you , 24 00:01:12,300 --> 00:01:16,390 can consider it the cost of your investing education. But over 25 00:01:16,400 --> 00:01:18,990 the long term, fees are a big deal, 26 00:01:19,000 --> 00:01:22,690 because they can really slow the growth of your portfolio 27 00:01:22,700 --> 00:01:25,890 and take a huge bite out of your happy retirement 28 00:01:25,900 --> 00:01:26,590 in the future. 29 00:01:26,600 --> 00:01:30,990 There are expensive ways and cheap ways to invest and you 30 00:01:31,000 --> 00:01:31,390 might as well 31 00:01:31,400 --> 00:01:34,890 get it right first time. So in this module, 32 00:01:34,900 --> 00:01:37,990 I'm going to show you where you can invest in the 33 00:01:38,000 --> 00:01:41,590 stock market cheaply, how much you need for various investment 34 00:01:41,600 --> 00:01:43,990 types and what it's going to cost you when you 35 00:01:44,000 --> 00:01:46,390 add up all the fees and charges along the way. 36 00:01:46,400 --> 00:01:51,590 Start having a think now about how much money you can invest 37 00:01:51,600 --> 00:01:55,190 upfront as a test transaction, as I want this to 38 00:01:55,200 --> 00:01:56,190 be real for you. 39 00:01:56,200 --> 00:01:58,890 Is it 100 dirhams or $1,000? 40 00:01:59,900 --> 00:02:03,190 Make a commitment to yourself now to get that money 41 00:02:03,200 --> 00:02:07,990 invested as soon as possible ,like next week. By the 42 00:02:08,000 --> 00:02:08,190 way, 43 00:02:08,199 --> 00:02:08,389 please 44 00:02:08,400 --> 00:02:11,290 don't do an initial investment of more than $1,000. 45 00:02:11,900 --> 00:02:15,290 With any new system, you have to test the pipes 46 00:02:15,300 --> 00:02:15,590 first. 47 00:02:15,600 --> 00:02:19,390 I've known people who attempted to transfer and invest tens 48 00:02:19,400 --> 00:02:22,090 of thousands of dollars the first time round and it 49 00:02:22,100 --> 00:02:25,190 was pretty stressful when they got one of the steps wrong. 50 00:02:25,200 --> 00:02:27,990 Don't worry, you're not going to make this mistake. 4178