Nearly half of Americans do not own any type of stock or investment currently according to the Wood & Co. Creative team. These are individuals that do not commonly invest or save for the future. While many people have different reasons for not looking at long-term financial goals or investing, a good number of the working public may not know just how easy it is to start investing. Rather than putting off investing any longer, you could start with just a small fund and begin preparing for any number of financial goals. Here are some of the biggest reasons that you should not put off investing today:
You can invest any amount: you don’t have to have thousands of dollars to buy stocks. For a reasonable startup cost of a few hundred dollars you can open up an account or even by a few mutual funds. You could start by saving just 10 or $20 a month to build up a fund after a year that you could use the start investing. There is no reason to put off the idea of owning investments until you can hold a substantial share. As your investments grow they will earn you more money by increasing in value so as early as you can start investing, the closer to your goal you will be.
It helps to support causes: investing in companies or mutual funds could help to impact the world in a positive way. Investments in stocks that you care about can make a positive change in the world or in your community.
Finding independence: investing today could help you to pursue the type of lifestyle you are looking for an extent yourself beyond the limitations of your previous finances. Having independence in retirement or even the ability to pay for your children’s tuition can be a powerful feeling of security.
Keep some of these top ideas in mind on why you should consider investing early on with a wealth manager.