For Immediate Release
Chicago, IL – October 12, 2017 – Zacks Market Edge is a podcast hosted weekly by Zacks Stock Strategist Tracey Ryniec. Every week, Tracey will be joined by guests to discuss the hottest investing topics in stocks, bonds and ETFs and how it impacts your life. To listen to the podcast, click here: (https://www.zacks.com/stock/news/278336/how-millennials-can-start-investing)
How Millennials Can Start Investing
Welcome to Episode #102 of the Zacks Market Edge Podcast.
Every week, host and Zacks stock strategist, Tracey Ryniec, will be joined by guests to discuss the hottest investing topics in stocks, bonds and ETFs and how it impacts your life.
In this episode, Tracey is joined by Zacks ETF Strategist Eric Dutram and by Zacks Podcast Producer Danny MacPherson, two Millennials, to discuss how they started investing and what apps and platforms are out there for new investors.
With the S&P 500 (NYSE: (SPY - Free Report) – Free Report) and the small caps (NYSE: (IWM - Free Report) – Free Report) hitting new highs nearly every day recently, many Millennials are starting to wonder if they shouldn’t be investing.
But where do you start?
Millennials may think they don’t have enough money to invest. But many of these platforms don’t have a minimum requirement and are fairly low cost.
Here’s some ideas for those who want to invest, not simply trade.
For Those Who Don’t Want to Think About Anything
Both Eric and Danny use acorns.com. Their tagline is “automatically invest spare change.”
It operates only as an app. You link it to your credit or debit card and it will round up to the next dollar amount. For example, if you buy a coffee that is $3.75, it will round up to $4.00 and take the $0.25 and put it into your investing account.
You can also set up a recurring investment, either daily, weekly or monthly, to boost your balance.
It has pre-set ETF portfolios you can invest in that range from aggressive to conservative.
The cost is $1 a month up to $5,000 in the account wherein there’s a yearly fee of 0.25%.
Stashinvest.com allows you to buy into pre-set ETF portfolios including ones titled “The Activist”, “The Techie”, “The Globetrotter” and “The Trendsetter.”
This is thematic investing.
Stash also offers ROTH IRA accounts that you can start with as little as $50.
Similar to Acorns, it also charges $1 a month and the 0.25% yearly fee when the account reaches $5,000.
Want to Move Up to the Next Level?
Motif offers investing in portfolios, trading and IPOs so it is more advanced than the other two platforms.
Through its portfolio program, you can invest in a preset plan or you can create your own. This means you already have to know something about stocks.
It appears to have a minimum of $1,000 and the cost is $9.95 a month.
Actual Trading Platforms
Already have an idea of stocks or ETFs you want to buy?
You probably need a platform that allows you to trade.
Capital One (NYSE: (COF - Free Report) – Free Report) offers the Sharebuilder Plan which allows you to do a recurring investment each month in stocks, ETFs or mutual funds for just $3.95 per investment.
For example, it can buy $100 worth of shares of Alibaba on the third Tuesday of every month.
Tracey has used this plan for nearly 17 years. You might be surprised at how quickly this type of investing adds up to something substantial if you do it a few years in a row.
For those who want to do more active trading, Capital One Investing has a trading platform as well, as do the well-known brokerage firms such as eTrade (Nasdaq: (ETFC - Free Report) – Free Report) and Schwab (NYSE: (SCHW - Free Report) – Free Report).
That’s where you put in an actual order on the open market to buy, for example, Alibaba.
This is more advanced investing and trading.
The Hardest Part is Starting
There are a lot of investing platforms available now and it may seem confusing.
But as Eric and Danny discuss, the key is to just start.
Eager to Learn How to Trade Options?
Have you always wanted to trade stock options but are unsure where to begin or what to look for?
Each week, Zacks’ Dave Bartosiak will bring you a detailed explanation of the trades “live” on YouTube.
Watch him go through the trade as he answers your questions in real time.
Become one of Dave’s minions. Join the Zacks Live Trader community today.
It’s now FREE. Click here for a trial >>>
Tracey Ryniec manages the Insider Trader and Value Investor portfolios at Zacks.com. She hosts 2 weekly podcasts: Zacks Market Edge Podcast and the Value Investor Podcast. You can also catch her on Twitter at @TraceyRyniec.
Zacks.com is a property of Zacks Investment Research, Inc., which was formed in 1978. The later formation of the Zacks Rank, a proprietary stock picking system; continues to outperform the market by nearly a 3 to 1 margin. The best way to unlock the profitable stock recommendations and market insights of Zacks Investment Research is through our free daily email newsletter; Profit from the Pros. In short, it's your steady flow of Profitable ideas GUARANTEED to be worth your time! Click here for your free subscription to Profit from the Pros.
Get the full Report on SPY - FREE
Get the full Report on IWM - FREE
Get the full Report on COF - FREE
Get the full Report on ETFC - FREE
Get the full Report on SCHW - FREE
Follow us on Twitter: https://twitter.com/zacksresearch
Join us on Facebook: https://www.facebook.com/home.php#/pages/Zacks-Investment-Research/57553657748?ref=ts
Zacks Investment Research is under common control with affiliated entities (including a broker-dealer and an investment adviser), which may engage in transactions involving the foregoing securities for the clients of such affiliates.
Zacks Investment Research
800-767-3771 ext. 9339
Past performance is no guarantee of future results. Inherent in any investment is the potential for loss. This material is being provided for informational purposes only and nothing herein constitutes investment, legal, accounting or tax advice, or a recommendation to buy, sell or hold a security. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. It should not be assumed that any investments in securities, companies, sectors or markets identified and described were or will be profitable. All information is current as of the date of herein and is subject to change without notice. Any views or opinions expressed may not reflect those of the firm as a whole. Zacks Investment Research does not engage in investment banking, market making or asset management activities of any securities. These returns are from hypothetical portfolios consisting of stocks with Zacks Rank = 1 that were rebalanced monthly with zero transaction costs. These are not the returns of actual portfolios of stocks. The S&P 500 is an unmanaged index. Visit https://www.zacks.com/performancefor information about the performance numbers displayed in this press release.