One Step at a Time
Threadvest features its ETF Miner as a tool to consider investments. Investing is an especially challenging pursuit, one that can fill you with a bit of anxiety. That could be why people pay so much to have others handle their investment dollars for them. If you want to start your journey now, or just put a little bit towards it, start slow and build from there. Start by putting just a few dollars to use. See what a couple of months of performance looks like. Continue to follow it through the ups and downs; the normal ebb and flow of the market. Pick your time when you’re ready to get more fully invested.
There is risk, but if you start slow, you could prepare yourself for more than minimal investments while you cut your teeth. Think of our ETF Miner as a place that presents a few choices that you can consider, a sandbox where you could find your own place. Not a playground with bullies hurling acronyms at you in that jungle out there. An alternative like Acorns could work as you proceed in your education. Acorns works by rounding up your credit card purchase amounts. What happens is that change, that round-up in amount up to the next dollar actually comes out of the checking account you linked to the Acorns site. A bit of directed or forced saving, but in the most delightful way…
You can stop the round-up if you wish, wait out the market a bit and go back in when it makes sense for you. The ETFs your placed into (the automated part so you don’t have to worry about making selections) are generally inexpensive when compared to most other investments, and keeps you away from single stock risk.