We recently had one of the biggest stock market crashes in history. True investors are getting excited, and if you’re prepared, you should be, too. Today, I’m going to show you four easy ways to invest in the stock market today and explain why now is the absolute best time to jump in.
What’s happening with the stock market?
Currently, we are dealing with the effects of the Covid-19, a virus that has thrown the whole world into a panic. The pandemic has caused the market to drop thousands of points in a matter of days.
Read, How the Coronavirus Will Impact Your Finances for a more in-depth look at the financial burdens of this world issue.
Why should I consider investing in the stock market now?
First, before you even consider investing in the stock market, you should know that we personally think that everyone should have a six month emergency fund before they invest in the stock market.
The market could skyrocket tomorrow or could drop even more. There is no way of knowing and that’s why you should have a good emergency fund before you deposit money into the stock market.
You may ask yourself, “why should I invest in the stock market now when the market has had a huge hit?”
Well, because according to Warren Buffet, billionaire stock investor, and many other investors, now is the best time. Buffet says, “Be fearful when others are greedy and greedy when others are fearful.” If you don’t understand that, I’ll explain.
“Be fearful when others are greedy and greedy when others are fearful.”Warren Buffet
When the market is rising and stocks are high, new investors love to buy-in. However, they are buying stocks at a high price and many stocks will be OVER VALUED. This is the time to be “fearful.”
When the stock market crashes, the stock prices are lowered. That means you can get stocks on sale or even undervalued. This is one of those times to be “greedy,” according to Buffet.
What are some easy ways I can invest in the stock market?
Investing isn’t hard! I want to cry every time someone tells me they aren’t rich or smart enough to invest.
You can invest with a few finger pokes on your smartphone. There are even stocks that are priced at just a few cents. Additionally, you can also invest in partial stocks if you cannot afford to buy the whole stock. Literally anyone can invest in stocks.
This following list are four awesome platforms that you can easily use to invest in the stock market. We recommend that you create an account with each one.
Why so many accounts? Because most of them will give you free stocks for creating an account with them. So even if you don’t have much money to invest right now, you can still get into the market for free.
Occasionally, some of the platforms even offer bonuses and promotions to win more free stocks.
Tip for free stocks: When you create an account with the platforms, be sure to use our links to get your free referral stocks. Then, once your account is active, refer your spouse and friends with your own referral code to start collecting more free stocks.
Trust us, you want to have an account with ALL of these platforms.
Webull is a commission-free stock and ETF mobile app platform. Webull’s features include short selling, technical indicators, analyst ratings, and more.
Webull offers 0 commissions and no deposit minimums. Currently, Webull offers TWO free stocks for new accounts. You get one free stock when you open your account and another when you have made a deposit of ANY amount.
Additionally, they will give you at least one free stock when you refer to another person. Recently, I got 4 free stocks for referring a friend! The free stocks can be worth up to $1400 per stock.
Robinhood is one of the easiest platforms to use in my opinion. The platform is very easy for beginners to understand. Robinhood also offers commission-free trading on stocks, options, ETFs, and Cryptocurrency (where available.)
New users can get a free stock for joining and get free stocks for referring to others. Robinhood also occasionally offers extra bonus stocks for referring friends as well.
SoFi isn’t just a stock trading platform. They offer student loan refinancing, loans, investing, high-yield savings accounts, and more!
I use SoFi for multiple purposes and I must say that their customer service is the best in the industry. Sometimes they even send people free gear when they pay off a loan! How cool is that?
SoFi offers a variety of bonuses and they change often. Right now, you can get $50 in stock for creating an Active Investing account and funding it with $1,000 or more. (You do not need to buy stocks with the $1,000 if you do not want to, you only need to transfer the money to the account. You can transfer the money back to your regular account if you want to afterward.)
As a bonus (and this will change soon,) SoFi is currently offering a chance to win additional money for stocks in their “claw game.” We recently won $30 towards a stock.
M1 Finance has become one of the most popular money management platforms. Investopedia ranked them as #1 for sophisticated investors in 2019. You can invest, spend, automate, and optimize all in one platform. They have several account services available.
Even though they’ve been ranked #1 for sophisticated investors, beginners can get started quickly with any of the 80+ expert portfolios on M1’s platform.
While M1 Finance does not offer free stocks, they are a great platform for money management. We recommend creating an account to invest money and to also help you stay on top of all your financial needs.
What should I invest in?
As always, we suggest that you work with a professional to determine what you should be investing in. We can’t give you that advice. Investments will vary depending on age, risk, and portfolio.
However, as for the financial independence community, most would agree that they invest low-cost index funds, specifically, in total stock market index funds.
Each investing platform usually has its own version of these index funds and you should research these in the platforms of your choice.
The bottom line here is that now is the time to invest in the stock market if you are comfortable and prepared to do so. Stocks are on sale and long-term investors should consider buying in now. Will you be taking advantage of the stock market crash?
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