{"id":27683,"date":"2022-08-31T15:20:14","date_gmt":"2022-08-31T19:20:14","guid":{"rendered":"https:\/\/www.moneysense.ca\/?p=270202"},"modified":"2022-08-31T15:20:14","modified_gmt":"2022-08-31T19:20:14","slug":"new-to-investing-heres-how-to-open-an-investing-account-online","status":"publish","type":"post","link":"https:\/\/www.moneysense.ca\/save\/investing\/how-to-open-an-investing-account-online\/","title":{"rendered":"New to investing? Here\u2019s how to open an investing account online"},"content":{"rendered":"

For one, you\u2019re going to see a lot of terminology when you start investing, like margin, P\/E ratio<\/a>, rebalancing and limit. Chances are, some of it will make your head tilt. Before you dive into the world of DIY investing, get familiar with the terms you\u2019re going to see.<\/p>\n

On the other hand, you might also have some questions that, frankly, no one else can really answer.<\/p>\n

What should you invest in?<\/h2>\n

One question people often ask when faced with investment decisions is how to know what they should be investing in. Maybe I could quote Warren Buffett for you here because I\u2019m sure he has said something about what to invest in. But, again, because I am not a financial advisor, I won\u2019t tell you what to buy. In reality, even Warren Buffett couldn\u2019t tell you what to invest in. It\u2019s entirely up to you to decide what\u2019s important. I have friends who choose to invest in green tech<\/a>, others who like the couch potato method<\/a>, some who go in on Tesla and others who are in on cryptocurrencies<\/a>.<\/p>\n

Whatever you decide to buy, I can\u2019t stress enough that it\u2019s a good idea to do your research and talk to experts such as an advisor. You can read a company\u2019s annual report or look at the company information on your brokerage\u2019s website. Some resources, for example, have a quotes\/research section where you can look up information on equities, exchange-traded funds<\/a> (ETFs)<\/a>, mutual funds and guaranteed investment certificates<\/a> (GICs)<\/a> and get analysis research, technical analysis, and earnings and revenue.<\/p>\n

How much should beginners invest?<\/h2>\n

Another question people usually have a tough time answering is how much money they should start investing with. This is ultimately up to you, too. The great news is that a lot of brokerages and robo-advisors do not require you to have a lot of money to invest, so you can start at any level that\u2019s comfortable for you. In fact, you could even open an account with no money. What\u2019s more important is to understand your personal goals with investing.<\/p>\n

Remember: This is an overview. I know it might be a lot to take in. But investing doesn\u2019t have to be stressful, and you don\u2019t need thousands of dollars to start. You may not be able to buy Amazon stock right now, but there are other options out there. If you\u2019re committed, you\u2019re more than capable of making it happen for yourself. All you have to do is start.<\/p>\n

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\"Book\"Book<\/figure>\n<\/div>\n

Excerpted from Money Myths: A Finance Guide for Solo Earners<\/a> by Ren\u00e9e Sylvestre-Williams<\/a>, available as an e-book and an audiobook. Published by Scribd Coach, an imprint of Scribd, Inc., June 14, 2022.<\/em><\/p>\n

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Read more from Ren\u00e9e Sylvestre-Williams<\/a>:<\/h3>\n

Source<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

For one, you\u2019re going to see a lot of terminology when you start investing, like margin, P\/E ratio, rebalancing and limit. Chances are, some of it will make your head tilt. Before you dive...<\/p>\n","protected":false},"author":1,"featured_media":27685,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"rop_custom_images_group":[],"rop_custom_messages_group":[],"rop_publish_now":"initial","rop_publish_now_accounts":[],"rop_publish_now_history":[],"rop_publish_now_status":"pending","footnotes":""},"categories":[7,10],"tags":[],"_links":{"self":[{"href":"https:\/\/blog.andrewwbradley.ca\/index.php\/wp-json\/wp\/v2\/posts\/27683"}],"collection":[{"href":"https:\/\/blog.andrewwbradley.ca\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/blog.andrewwbradley.ca\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/blog.andrewwbradley.ca\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/blog.andrewwbradley.ca\/index.php\/wp-json\/wp\/v2\/comments?post=27683"}],"version-history":[{"count":0,"href":"https:\/\/blog.andrewwbradley.ca\/index.php\/wp-json\/wp\/v2\/posts\/27683\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/blog.andrewwbradley.ca\/index.php\/wp-json\/"}],"wp:attachment":[{"href":"https:\/\/blog.andrewwbradley.ca\/index.php\/wp-json\/wp\/v2\/media?parent=27683"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/blog.andrewwbradley.ca\/index.php\/wp-json\/wp\/v2\/categories?post=27683"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/blog.andrewwbradley.ca\/index.php\/wp-json\/wp\/v2\/tags?post=27683"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}