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What investment tips should you know?
No other part of the economy is as designed for success as the stock market. So what’s stopping you from being a member of the investment class? Setting up an investment account is easy and you can get started today by using our investing tips! Start paying off your credit card debt for free today 7-Step Credit Card Debt Reduction Here.
Listen to our first 5 investment tips to start investing:
Make money now with these investment tips
In the wake of Queer Money® Above we give our first five tips for easy investing. We’ll explain how to open a retirement or brokerage account online and set up automatic deposits right from your paycheck.
We then provide advice on investing in low-cost exchange-traded funds (ETFs) and discuss the benefits of having a diverse portfolio that includes different asset classes and variables. Listen in for insights into navigating the market’s ups and downs and how YOU can join the investment class as quickly as possible.
Get our next 5 investment tips for getting started in the stock market:
In this episode of Queer Money® Above we give our final five tips for easy investing. We’ll discuss the benefits of setting up an employer-sponsored retirement account and setting up automatic annual contribution increases to invest more and more over time.
We explain the benefits of investing in a custodial or college savings account for your children and taking advantage of the stock market’s growth to fund their education and other expenses. Listen to how to open a health savings account to cover medical expenses and learn why it’s important to assign beneficiaries to all of your investment accounts!
Topics covered in investment tips
1. Open an investment account online
- Set up a retirement and/or brokerage account
- Use M1 or Acorns for a low barrier to entry
2. Set up automatic payments to your investment account
- Small, recurring steps = best profits
- Use direct deposit or electronic transfer
3. Keep it simple by investing in low-cost ETFs
- Basket of stocks or bonds traded throughout the day
- Reflection of a stock index or type of investment (e.g. technology)
4. Diversify your investments for continued growth
- Across different asset classes and variables
- Don’t feel pressured to act on a hot stock tip
5. Open an emergency savings account
- You don’t have to worry about market ups and downs
- Weather downturns and participate in upswings
6. Open an employer-sponsored retirement account
- Prepare for retirement and reduce tax liability
- Contribute enough to get the biggest employer match possible
- Use blossom to help manage this account
7. Set up automatic annual contribution increases
- Invest more and more over time without feeling it
- Prevents funds from being used for budget creep
8. Open a health savings account
- Available to offset high deductible plans
- Covers medical needs (e.g. copays, prescriptions, etc.)
9. Open a custodial or college savings account
- Use the growth of the stock market to fund education
- Options include a 529 plan, UTMA or UGMA
10. Assign beneficiaries on all investment accounts
- Verify accuracy annually
- Make it clear to the state/court who will receive the assets
