At A Step Above Style we aim to help our subscribers by sharing valuable information with them.
Today we will be talking about one of the most important topics when it comes to finances; investing.
Note: None of the information in today’s post should be taken as financial advice as we are not a licensed and certified financial advisor.
Nevertheless, we hope to share some very practical and effective information about what we are doing, and we hope it can be educational value.
Let’s begin.
Buy The Fear
Social unrest, political uncertainty, and rumors of war all have their way of negatively affecting the stock market.
And what’s interesting about a down economy is how stock prices drastically drop during bad times.
But allow us to explain why this isn’t always a bad thing.
A Change In Perspective
For example let’s say the price of Amazon is $20 per share on Monday. If you have $100 to invest, you’d only be able to buy 5 shares of Amazon. But if the price on Tuesday was down to $10, you could now buy 10 shares of Amazon!
“Savvy investors look at a down market as stocks being on sale.”
Investing 101
Smart investors take this opportunity to buy low, believing the stock will return to its proper price in the future.
And once the stock market does recover (and the prices return to normal value) the savvy investor will then be able to sell their stocks at a higher price and thus earn the difference.
This is how smart investors make money in the stock market.
Companies To Consider
What companies should one consider buying in times like these?
The kind of companies that have stood the test of time, continue to innovate, and have earned profits through good times and bad.
Have you seen the popularity of the new Tesla cars? Ever notice all the Amazon packages on your neighbors door? Or have you considered how everyone uses Google to find out the things they don’t already know?
These are indicators as to how you should identify companies worth buying into. Don’t put all your money into one, but diversify your portfolio.
Below are some companies we think are worth considering (again, this is not financial advice):
- Tesla
- Apple
- Disney
- Ford
- Amazon
While the prices of these great companies are normally very expensive, their price goes down significantly during times like these.
“Buy low and sell high”.
Investing 101
Apps I Use To Invest
- Moo Moo (Use this link to get up to 15 free stocks when you deposit $100 to begin investing)
- Webull (Use my referral link to support the blog and get free stocks) This is my main account
- Fidelity ( Roth IRA)
- Coinbase
Conclusion
In closing, I hope you found today’s post as a source of information, education, and motivation to begin your journey of investing.
Investing allows the money you worked so hard for to now begin working for you.
Consistent, educated investments will pay off substantially in the long run, and the sooner you begin investing, the better off your financial future will be.
“ Time in the market beats trying to time the market. Instead of waiting for the perfect time to get in, just start, and continue investing for the long run. “
Investing 101
Until next time, y’all have a good one.
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