09-15-2018, 10:17 PM
Welcome.
Ultimately, the very large majority of us starts out small, either with a single fund or a single stock. And over time, with monthly contributions, the amount of money and the amount of different equities in our portfolio grows. I started with one utility company in 2012 and now I'm up to 20+ long positions in stocks, one bond (will be more soon) and up to 4 options at any given time.
Make a plan! Now all you have is $200, honestly that's not going to get you far in the investing world but it's a start. On top of that you need monthly contributions, it doesn't matter if it's $50 per month or $5000 per month, main thing is that you can do it each and every month so the amount of equities you own keeps increasing. Also reinvest all the dividends, it'll make a big difference in the end.
So time to start googling and researching on how to make an investment plan. You can always ask us if you have any questions or doubts. With the amounts that you are looking at, a simple fund is usually a good way to go. Some brokers offer their own funds with no commission, that would be very useful if your monthly contribution is low. You can also look at robinhood, I believe they still offer zero commission.
It's ok to have one or two speculative plays in your portfolio but I wouldn't start with one. I usually try to keep the value of any single speculative play below 2% of my total portfolio value.
Ultimately, the very large majority of us starts out small, either with a single fund or a single stock. And over time, with monthly contributions, the amount of money and the amount of different equities in our portfolio grows. I started with one utility company in 2012 and now I'm up to 20+ long positions in stocks, one bond (will be more soon) and up to 4 options at any given time.
Make a plan! Now all you have is $200, honestly that's not going to get you far in the investing world but it's a start. On top of that you need monthly contributions, it doesn't matter if it's $50 per month or $5000 per month, main thing is that you can do it each and every month so the amount of equities you own keeps increasing. Also reinvest all the dividends, it'll make a big difference in the end.
So time to start googling and researching on how to make an investment plan. You can always ask us if you have any questions or doubts. With the amounts that you are looking at, a simple fund is usually a good way to go. Some brokers offer their own funds with no commission, that would be very useful if your monthly contribution is low. You can also look at robinhood, I believe they still offer zero commission.
It's ok to have one or two speculative plays in your portfolio but I wouldn't start with one. I usually try to keep the value of any single speculative play below 2% of my total portfolio value.