The stock market can be very confusing when no one’s paved the way for you.
Here’s what I learned investing in stocks after a year.
Today, that same stock is $159.)
Does that mean you should keep your money out of the stock market?
Here are five lessons Ive learned since investing that first dollar.
5 lessons I learned from investing in stocks
1.
writer, educator, stock market expert, and the owner of In Luz We Trust, a financial wellness and investing community
Youll get to benefit from the full percentage that it went up.
Personally, I useE-Tradebecause Ive found that its the easiest to use and interpret.
You might also considerFidelity,Charles Schwab, orRobinhood, depending on whats right for your situation.
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My siblings and I were taught to hold on to money instead of letting it go.
For example, I was raised in a working class household where money was tight.
Investing is really scary, says Garcia.
Not learning to lean on ourselves and develop our own expertise can be really dangerous.
But experts say its the smart move.
writer, educator, stock market expert, and the owner of In Luz We Trust, a financial wellness and investing community
Its more important to steadily invest the amount you could comfortably afford.
In the long run, investments pay off.
As the market has shifted, Ive been through a roller coaster of emotions.
One day my investments will be doing really well, and the next day, maybe not so much.
One day my investments will be doing really well, and the next day, maybe not so much.
The nature of the market is to go up and downits just the way it works.
Understanding that reminds me that bad days are an opportunity to invest more in the companies I believe in.
A company is not going anywhere just because their stock is down, says Garcia.
It doesnt mean the companys going to disappear.
Its important to stay level headed in that way.
The sky is not falling and the world is not ending.
These times are what teach us [which investments] we have conviction in.
Obviously, I dont love losing money.
(Who does?)
This isnt a get-rich-quick scheme, after all.
Its whats working for meand Im in it for the long haul.
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