Hello, Joes and Janes! I hope all my readers in the U.S. had a great Thanksgiving.
In case you missed it, I wrote a post on Social Security over the weekend. It addresses common misconceptions people have about the program. Please take a look if you haven’t yet, and please share the information with your loved ones and others. Thank you in advance!
Over Thanksgiving dinner, I had a conversation with my niece about investing. I knew that she had read my book, The Stock Market is For Everyone. So I asked her whether she had started investing yet.
Her answer was no, because she didn’t have enough money.
I asked her if she could invest $25 per paycheck. Her answer was yes! I excitedly replied that indeed she can definitely start now!
All she needed to do, I told her, was download the Robinhood app and get going! With no commissions to pay, Robinhood is great for the beginner who has little investment capital.
About six months ago, we started a Wealthy Joe Investment fund on Robinhood with $105. We are now up over 150%. That $105 is now $269!
It may not be earth shattering, but it’s all about the compounding. If we keep up this performance, the account will grow quite substantially over the next 10 years.
Have you started investing yet?
If not, why not? Do you think you don’t have enough money to invest?
Start small. With time and patience, your investment will grow.