Top Tip Finance

Why You Should Start Investing Right Now

Many people still worry about investing instead of investing. Even though the industry has been trying hard to make the tools accessible to the masses, it can still seem too complicated to get started. Taking the step to get the ball rolling is worth it because investing is one of the best ways to build wealth over time.

Compound Interest

One of the best reasons to get started as soon as you can is due to compound interest. Compound interest is earnings on your earnings. It’s the way money works on your behalf to grow over time. The longer compound interest has to grow, the bigger your nest egg will be.

Time and consistency are keys to a long-term investing strategy. Keep buying, stay the course, and you’ll be rewarded.

Starting is Easier Than It Used To Be

One of the best ways to build wealth over the long term is to invest. Investing allows you to take your capital and put it to work for you. In the past, the perception was that you needed a large sum to start investing. However, thanks to technology and online brokers, almost anyone can start investing without too much trouble.

Partial Shares

These days, you don’t even have to worry about how much each share costs and figure out how many shares you can buy. Just enter the dollar amount you would like to invest and the brokerage will calculate and execute the trade for you by letting you own partial shares — sometimes also called fractional shares.

Account Opening is Simple

The process takes about five minutes. It’s really easy. Once your account is opened, you can link your brokerage account to a bank account so it’s easier to fund your investments. You will need your bank’s routing number and your account number to link the two.

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