Investing is another popular escapade people, myself included, evade at all costs; at the cost of new electronics, home furnishings, tropical vacations, or just a few concerts. But again, in the long run investing is going to allow you to maintain your quality of life as long as you live. I find that if I put the money away before I have the chance to see it (straight out of my pay check) I can avoid the dilemma of wanting to spend it before being able to invest or save it.
The good news is you don’t need a lot of money to start investing. There is an online brokerage firm called Scottrade where you can make investments for $7 USD. The only catch is you have to know what you want to invest in. Their site is directed at the “self directed investors” providing a cheap and easy way to buy and trade stocks online.
Although they don’t give you advice on which stocks to buy they do provide a host of information and background like top gainers and top losers, real-time streaming quotes and research, and graphs displaying the history of any particular stock over the last 1 day, 5 days, 6 months, and 5 years. So if you have any interest or experience in monitoring stocks, mutual funds or ETF’s an online brokerage firm could be the way to go. On the other hand, if you have no interest in investment research it would probably be worth your time and money to pay someone else to do it for you rather than dumping money into something you are clueless about. Another option before heading straight to a consultant office would be to talk to any close friends or family members that have experience in trading. You never know how far a little advice can go. The sooner you get started the more chances you have to receive a greater return.