How To Invest In Stocks In The Military (Beginner's Guide)

In this video, I'll go over everything you need to know about how to invest in stocks as a beginner in the military!

Links Mentioned:
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Sign up for Robinhood with my link and get up to $200 of free stocks 🎁: https://join.robinhood.com/josephn3472

Open up a SoFi high-yield savings account and get up to $325 when you set up direct deposit:
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Investing in the stock market can make you a lot more money compared to having it in a regular savings account — but only if you know what you're doing. Blindly investing without proper knowledge would make you lose your hard-earned money, and that's not what we want.

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Summary:

Compound Interest:
This is basically interest on interest. Your money will grow more and more over time!

Simple Interest:
This is interest that doesn't change. Your money will grow by a certain rate forever.

What Is A Stock:
A Stock is like a piece of a company. This means you own a piece of that company if you own their stock. Companies do this for them to raise funds for their business.

Different Types Of Stocks:
The two main types of stocks are common stocks and ETFs/Mutual funds. I recommend ETFs/Mutual funds as a beginner because they're safer!

Best Beginner Stocks You Can Buy:
I recommend looking into VTI, VOO, and SPY because they're extremely diversified and less than have the stocks on the market beat the S&P 500.

Investing Platforms You Can Use:
Webull, Acorns, Robinhood, Wealthfront, and Fidelity are great platforms to get started. I personally use Webull, Acorns, and Robinhood and highly recommend them for beginners.

How Much Should You Invest:
This really depends on your financial situation and your money goals. Never invest more than you can afford to lose.

Actionable Steps You Can Do Right Now:
Open an investing account (I recommend using my links for free stocks), deposit money into the account, start investing consistently in the S&P 500, and most importantly, start now!

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My goal with this channel is to help inform, entertain, and educate military members and people looking to join the military on all things finance, business, and mindset because these are things I wish someone had taught me earlier on in life. If there's anything you want me to make a video about, comment below on what you'd like to see next!

Thanks for watching, and I hope you have a great rest of your day! :)

#military #investing #stockmarket

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Timeline:
0:00 - Intro
0:37 - Table Of Contents
1:41 - What Is Compound Interest?
2:30 - What Is Simple Interest?
2:55 - Warren Buffett's Net Worth Throughout His Life
3:42 - LCpl Schmukatelli's Investing Journey
4:47 - Wagner's Investing Journey
6:19 - What Is A Stock?
6:40 - Different Types Of Stocks
7:20 - Best Beginner Stocks You Can Buy
8:15 - Investing Platforms You Can Use
8:50 - How Much Should You Invest?
10:23 - Actionable Steps You Can Do Right Now
11:40 - Conclusion

Disclaimer: Some of the links above may be affiliate links, which means that if you click on them, I may receive a small commission. The commission is paid by the retailers at no cost to you, and this helps to support our channel and keep our videos free. Thank you! All info from our videos is compiled from online sources and our own experience, and we encourage you to do your own due diligence. We appreciate your viewership!

In addition, I am not a financial advisor. I don't provide tax, legal, or accounting advice. The ideas presented in this video are for entertainment purposes only. Please do your own due diligence before making any financial decisions.