Edwards Family Empowerment

How To Invest ~ Part 5 Written by Melica Niccole Author, Stock BossUp App Mentor, and Blogger  The  fifth step  is the most important step of the five. Have fun while investing. A great way to have fun is to only invest what you are able to invest and that can be used as recreational funding activities. If you are strapped for cash or only have money for rent and utilities, please pay your rent and utilities first. The stock market has been around for years and will be here after your responsibilities get paid. In order to have fun, you have to make sure your basic needs are met. As discussed in part 4, investing with friends and family can be fun; from discussing short term and long-term stock options to stock splits and reverse stock splits. The other fun thing is getting other people’s perspective about a stock. There are many different reasons why people invest in certain stock. Some reasons are because of price, history, future, volatility, and just because it seems ...

  How To Invest ~ Part    4 Written by Melica Niccole Author, Stock BossUp App Mentor, and Blogger  The  Fourth Step  is to create or seek an investment support group to discuss stock. My family and I have a text messaging group to discuss stocks to look into. This group includes my sisters, nieces, and nephews. My mother has also joined the stock talking discussions and does research on what individuals discuss. We discuss electric vehicles, pharmaceuticals, cryptocurrency, technology, and more. A lot of us are at different stages of investing, from just starting out to 3 years into investing.  I am saying this to let you know that you don’t have to be an investment guru. You just have to want to invest, develop a plan, implement that, and invest. A support group gives you depth to surface information. They provide context to what you know and what you think you know. They may also have questions, which helps you establish a better investment pla...

  INVESTING Written by Melica Niccole Author, Stock Mentor, and Blogger    This is the question that I get asked a lot, which is a very important question. Below, I provide you with the first step in investing. Now these steps can be modified or adjusted to meet your needs, so please do not feel as though these are the only steps to investing.   The  first step  is identifying the brokerage company you would like to work with. This will assist you with choosing the best company that meets your needs.    Choosing a brokerage company is very similar to choosing a bank and a checking account. Most people tend to  choose a bank and bank account that offers them some sort of benefits. Same with a brokerage company. Some of theses befits could include low fee/no fee trades and low fee or no administrative cost. Some accounts may have fees associated with owning the account. Make sure you know this information before you open up a...