14/08/2021
How to invest in stocks in six steps
1. Decide how you want to invest in the stock market
There are several ways to approach stock investing. Choose the option below that best represents how you want to invest, and how hands-on you'd like to be in picking and choosing the stocks you invest in.
A. "I'd like to choose stocks and stock funds on my own." Keep reading; this article breaks down things hands-on investors need to know, including how to choose the right account for your needs and how to compare stock investments.
B. "I'd like an expert to manage the process for me." You may be a good candidate for a robo-advisor, a service that offers low-cost investment management. Virtually all of the major brokerage firms and many independent advisors offer these services, which invest your money for you based on your specific goals.
C. “I’d like to start investing in my employer’s 401(k).” This is one of the most common ways for beginners to start investing. In many ways, it teaches new investors some of the most proven investing methods: making small contributions on a regular basis, focusing on the long-term and taking a hands-off approach. Most 401(k)s offer a limited selection of stock mutual funds, but not access to individual stocks.