In order to invest money, for example by investing in stocks and shares, you must:
- Have at least $500. Smaller amounts simply won't let you feel the money. Brokerage commissions "gobble up" a decent part of the income, especially when playing ineptly on the stock exchange.
- Be financially and literate in general. All the "lures" that investments are simple - just cheating. You will have to understand brokers, types of securities, exchange laws and much more.
- Keep your finger on the pulse. The securities market is extremely volatile and depends on many factors. In the spring of 2020, for example, the markets collapsed due to a "small but remote" virus.
Are other scenarios possible?
Yes.
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