You want to invest in something, but you don’t want all of your money to go to a broker or financial firm. That makes sense, especially if you have a sound understanding of the stock market, and all its ins and outs. What you may not know is that you can develop a pretty diverse portfolio without dumping all your cash into fees and commissions.
You’ll still need someone to do the actual trading for you, but there are online brokers who offer some pretty competitive initiatives, including free trading. Just keep in mind that “free” also means limited. So, if you go with a free trader, know that they are likely to have only limited options, like taxable investments with no IRA options or a lack of the ability to automatically reinvest. That means your dividends will go back to your bank account instead of being reinvested. If you happen to be retired or have a lot of time on your hands, the free options might be just the thing you’re looking for.
Whether you agree that marijuana should be legal or not, it and its components are starting to line the pockets of a lot of people who are just getting started in the investment game. But, you don’t necessarily have to buy stocks to get in on the game. You can invest directly with dispensaries and sites getting started with things like CBD and hemp.
Have you ever heard of Bitcoins? Bitcoins is just one of the many versions of virtual currency available… and you don’t need a stock broker to buy into them. They work much like physical currency in that their value can rise and fall. Many people who invested just a small amount in Bitcoins are sitting on a tidy sum today. Some other virtual currency or “cryptocurrencies” include Zcash, Ripple, Dash, Litecoin, Ethereum, and more.