How to Start Investing in the Stock Market

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  • čas přidán 29. 07. 2024
  • If you're wondering how to start investing in the stock market, then you've come to the right place. In this video, I share a simple investing strategy that will allow you to begin your investing journey and own a piece of the stock market.
    Compound Interest Explained:
    401K Explained:
    Traditional IRA vs Roth IRA:
    0:00 - Intro
    0:53 - What is investing?
    3:30 - Three Investment Accounts, Explained
    7:09 - Making Your First Investment
    10:28 - Question of the Day
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    FOR EDUCATIONAL AND INFORMATIONAL PURPOSES ONLY. NOT LEGAL OR FINANCIAL ADVICE. The information provided in this video and on this channel is for educational and informational purposes only. It is not intended to be a substitute for legal or financial advice that can be provided by your own attorney, accountant, and/or financial advisor. Practical Personal Finance accepts no liability whatsoever for any losses or damages arising from your own personal financial decisions. You are advised to consult with your financial advisor, tax professional, or attorney regarding any and all financial decisions involving your own income and taxes.

Komentáře • 6

  • @GrowWithScripts
    @GrowWithScripts Před rokem +1

    Love your vids teach me alot about personal finance an answer all my questions. Thank you

  • @mrbaboy
    @mrbaboy Před 11 měsíci

    Im slowly getting away from individual company stocks. Getting only stocks that pay decent dividends.

  • @timetravelere1208
    @timetravelere1208 Před rokem +1

    I am your first comment. Please make a video about the downsides of compound interest 😥

    • @PracticalPersonalFinance
      @PracticalPersonalFinance  Před rokem +1

      Yes indeed! Thanks for watching!! Always appreciate some new ideas. In terms of investing, there aren’t many downsides to compounding. It’s all beneficial! However in terms of debt, compound interest can be a big deal, especially if the payments you’re making on a debt don’t cover the interest that accrues each month. Is that what you’re referring to?

    • @timetravelere1208
      @timetravelere1208 Před rokem +1

      @@PracticalPersonalFinance No I don't have debt currently. I am aiming at financial growth. I need to know if compound interest is just money growing or if I need to think of taxes, risks, fees, anything that might happen. Thank you!

  • @timetravelere1208
    @timetravelere1208 Před rokem

    What are escrow accounts? Are they risky?