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10 Super Simple Investing Tips

  September 29, 2020  |    #Make Money

What investing tips should you know?

No other part of the economy is designed for success quite like the stock market. So, what’s keeping you from being a member of the Investing Class? Setting up an investment account is easy, and you can get started today by using our investing tips!

Hear our first 5 investing tips to get started investing:

Make money now with these investing tips

On the episode of Queer Money® above, we’re sharing our first five tips to super-simple investing. We explain how to open a retirement or brokerage account online and set up automatic deposits funneled directly from your paycheck.

We go on to offer advice on investing in low-cost exchange-traded funds, or ETFs, discussing the benefits of having a diverse portfolio that includes different asset classes and variables. Listen in for insight on riding out the ups and downs in the market and learn how YOU can join the investing class ASAP.

Get our next 5 investing tips to get started in the stock market:

On this episode of Queer Money® above, we’re sharing our final five tips to super-simple investing. We discuss the benefits of starting an employer-sponsored retirement account and setting up automatic annual contribution increases to invest more and more over time.

We weigh in on the advantages of investing in a custodial or college savings account for your children, leveraging stock market growth to pay for their education and other expenses. Listen in for insight on starting a health savings account to cover medical costs and learn why it’s crucial to assign beneficiaries on all your investing accounts!

Topics covered on investing tips

1. Open an investing account online

  • Set up retirement and/or brokerage account
  • Use M1 or Acorns for a low barrier to entry

2. Set automatic payments to your investing account

  • Small, reoccurring steps = best gains
  • Use direct deposit or electronic funds transfer

3. Keep it stupid-simple by investing in low-cost ETFs

  • Basket of stocks or bonds that trade through the day
  • Mirror of a stock index or investment type (e.g.: tech)
Keep investing stupid-simple by investing in low-cost exchange-traded funds. - John Schneider of Debt Free GuysClick To Tweet

4. Diversify your investments for consistent growth

  • Throughout different asset classes and variables
  • Don’t feel pressure to act on a hot stock tip

5. Open an emergency savings account

  • Don’t have to worry about ups and downs in the market
  • Ride out drops and participate in upswings

6. Start an employer-sponsored retirement account

  • Prepare for retirement and reduce tax liability
  • Contribute enough for the maximum employer match
  • Use Blooom to help manage this account

7. Set up automatic annual contribution increases

  • Invest more and more over time without feeling it
  • Prevents from using money on ‘budget creep’

8. Start a health savings account

  • Available to offset high-deductible plans
  • Covers medical needs (e.g.: copays, prescriptions, etc.)

9. Open a custodial or college savings account

  • Leverage stock market growth to pay for education
  • Options include a 529 plan, UTMA or UGMA
An investment of just $50 a month when my stepson was born has turned into thousands of dollars that he has available to him for a lot of the things that he wants and needs. - David Auten of Debt Free GuysClick To Tweet

10. Assign beneficiaries on all investing accounts

  • Check for accuracy on an annual basis
  • Make clear to the state/court who gets assets

Resources for simple investing

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