Advertisement
Anonymous
7
Discussion (7)
Learn how to style your text
Reply
Save
There is no fixed amount you should have before your invest. As long as you have enough savings and emergency fund set aside, you are ready to invest.
Reply
Save
My thinking:
Read 4 other comments with a Seedly account
You will also enjoy exclusive benefits and get access to members only features.
Sign up or login with an email here
Write your thoughts
Related Articles
Related Posts
Related Posts
Advertisement
It is important that you first figure out your finances! Think about how much you would need for your emergency funds, which should be 6-12 months of living expenses that you cannot go without. Put that amount into a high savings account like Jumpstart.
After that is settled, as for beginners, you may look into investing in ETFs as they are lower risk investments as you are investing in the market as a whole, compared to individual stocks, mutual funds and other securities. One recommendation I always give is the S&P500 ETF which has historical returns around 10%.
The amount of capital you have does not need to be a lot as you can buy in smaller divisions. It just needs to be the excess amount you have!