Stockpile tweeted a quote from my Stockpile review the other day that got me to ask myself a simple question about investing. I want you to ask yourself this same question, but first the tweet:
“I think their low minimums & the diversity of stocks are great, ppl really don’t have an excuse not to invest anymore” — @djbressler on us
— Stockpile (@stockpile) August 12, 2017
With a lot of friction around investing removed with low minimums and fractional shares
What’s stopping you from investing?
It’s worth thinking about. Of course, it could be a lack of money to invest (it could be, but is it really? Or is the sacrifice you’d have to make to invest an excuse to not facing the fear of getting started?). It could be fear of investing or even the overwhelming options (and opinions) about how to invest. Knowing what’s preventing you from starting will help you get started overcoming your internal objections to investing.
While I don’t usually write about budgeting here (let me know if you’d like me to!), I hope that the Elephant’s Paycheck helps you overcome your fear of investing with metrics like ‘paycheck’ and ‘raise’.
And, I hope it helps you narrow down your options by teaching you that one (of many) ways to invest is for dividend income. And that of the whole universe of stocks the 50 or so companies that raise their dividends every year is a small enough group that you can easily use Stockpile (with their low minimums and fractional shares) to get started by buying shares in a few as a learning experience as much as an investment.
Let me know what you think