Not too long ago, http://www.Bankrate.com released a shocking survey. It showed that more than half of all Americans are not investing in the stock market. 52% of the adults in the U.S. have absolutely no stock investments.
No trading portfolio. No 401(k). No IRA. Nothing. But here's the thing: the stock market is the single best to way to make money. Over the long term, stock prices go up. It's just how it works.
But there’s a magic bullet that can put an end to this insanity and help you start making money in the stock market.
First, let’s debunk a couple of the most common of stock market myths — and the reasons most Americans say they're not investing.
The Rent Cost Is Too Damn High
It’s a common misconception that keeps folks from investing in equities. And I hear it all the time from friends.
“The stock market is too expensive. I just don’t have enough money to even start investing.”
But they couldn’t be any further from the truth! There are literally thousands of stocks and ETFs that trade for less than $10 a share. So even if you’ve only got a hundred dollars to start, you can still get your foot in the door.
There’s a Crash Around the Corner
Another big reason people don’t invest is fear of a crash. I can understand — there’s not much worse than watching the value of your investment get cut in half. And that’s always a risk, but in the long run — which is the only kind of investing I really push — stocks go up.
I mean, even if you’d invested at the peak of the market before the three mos recent crashes, you’d still be ahead of the game now: And that’s just if you’d put your money in at the top and then did nothing since. If you bought at the bottom during the savings and loan crash, the dot-com bubble burst, and the Great Recession, you’d have gains of 864%, 179%, and 220%!
And again, that’s just buying and holding. If you’d scheduled monthly investments and stuck to it through the crashes, those gains would be even higher.
What I’m trying to get at here is that there’s absolutely no reason not to invest. And there are a million reasons you should.
So let’s talk about how these apps take away the other reasons people have to fear investing, and then we'll get into the apps themselves.
Time for a Silver Bullet
We’re living in an age of innovation, where technology is constantly adapting and evolving.
Less than 20 years ago, there were 500 million mobile phones in the entire world. Fast-forward to today, and now there’s at least one for every human on the planet above the age of 15 — that’s over 5 billion.
These technological breakthroughs haven’t just been in consumer products, though. They’re infiltrating every facet of our lives, right down to our ability to make financial investments. In fact, there are a handful of companies that have not only made it incredibly easy to start investing, but also addressed almost all of the concerns of retail non-investors.
Don’t have enough money? Think again — you can use spare change to invest with these apps. Don’t know enough about the markets? Wrong — all of them have impressive resources for investor education. Don’t trust brokers or advisers? No problem — with these companies, you become your own adviser. Troubled by high fees? Not anymore — you can even invest for free with some of these apps!
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