Stockpile tweetÂed a quote from my Stockpile review the othÂer day that got me to ask myself a simÂple quesÂtion about investÂing. I want you to ask yourÂself this same quesÂtion, but first the tweet:
âI think their low minÂiÂmums & the diverÂsiÂty of stocks are great, ppl realÂly donât have an excuse not to invest anyÂmoreâ â @djbressler on us
â Stockpile (@stockpile) August 12, 2017
With a lot of fricÂtion around investÂing removed with low minÂiÂmums and fracÂtionÂal shares
Whatâs stopÂping you from investÂing?
Itâs worth thinkÂing about. Of course, it could be a lack of monÂey to invest (it could be, but is it realÂly? Or is the sacÂriÂfice youâd have to make to invest an excuse to not facÂing the fear of getÂting startÂed?). It could be fear of investÂing or even the overÂwhelmÂing options (and opinÂions) about how to invest. Knowing whatâs preÂventÂing you from startÂing will help you get startÂed overÂcomÂing your interÂnal objecÂtions to investÂing.
While I donât usuÂalÂly write about budÂgetÂing here (let me know if youâd like me to!), I hope that the Elephantâs Paycheck helps you overÂcome your fear of investÂing with metÂrics like âpayÂcheckâ and âraiseâ.
And, I hope it helps you narÂrow down your options by teachÂing you that one (of many) ways to invest is for divÂiÂdend income. And that of the whole uniÂverse of stocks the 50 or so comÂpaÂnies that raise their divÂiÂdends every year is a small enough group that you can easÂiÂly use Stockpile (with their low minÂiÂmums and fracÂtionÂal shares) to get startÂed by buyÂing shares in a few as a learnÂing expeÂriÂence as much as an investÂment.
Let me know what you think