Investment platforms:
If you are fairly new to investing, you might be asking yourself: where do I invest my money??!
First, you’ll need to choose where to invest your hard earned money. There are many financial institutions, online brokers that will be happy to have you as a new investor. Here are few well known platforms where you can place your money (to name a few):
- Online brokerages such as Charles Schwab, TDAmeritrade, Vanguard or Fidelity (I currently use Fidelity, Schwab, Vanguard, and Schwab)
- Full-service brokers or financial advisors
- Specialty brokerages like Betterment
- Direct mutual fund accounts
- Dividend reinvestment programs (DRIPs)
Until you become a comfortable investor, I strongly recommend buying mutual funds and/or ETFs through an online broker or direct mutual fund account. Get the feel for it, then expand on that. Make sure you do plenty of research before jumping in.
Great advice, Rob. I really appreciate your work on this. You make it easy to understand. So important.
Thank you. Glad you found that post helpful.