 So you want to invest in how much do you need to get started? I'm going to talk about that in today's video coming up. What's up my name is Mr. V here. Welcome to another video guys. So like I said today's video we're going to answer some questions that I've been getting from some of you guys asking me about how to get started with investing and subsequently how much do you need to invest in the stock market. So a lot of people have been asking those questions so I want to kind of put that in the video so that you guys can actually follow it or share with people that may be asking those questions. So before we get started guys if you're new to the channel definitely go ahead and hit that subscribe button and the notification bell because I'm getting a message from YouTube that 90% of you guys are not subscribed to my channel so definitely hit the subscribe button because that helps the channel grow it just helps the YouTube algorithm when you guys subscribe. So most people you're looking at getting into the stock market it sounds exciting or it sounds scary you're wondering like what is my entry point how do I get into the stock market. So I'm going to give you guys a little bit. I'll take you guys down memory lane for me. I started with the stock market back in 2009 and the platform that I used back then was Scott Trade it seems gone through a whole lot of acquisition I think now they're TD Ameritrade but yeah so back then it was $7 for you to do a trade $7 commission so if you want to buy a stock even if that stock is $5 they'll charge you $7 to buy that one stock even if you're selling it for $3 they'll charge you $7 for selling it so just to go in and out of a trade it was $14 back in 2009, 2010 so fast forward to 2020 we have all these different platforms now like M1 like Robinhood like Sofa like Weibo like Stockpile and so all these companies now they've come a long way where they are commission free and they've actually forced all the other bigger players in the space like Vanguard, Fidelity like eTrade all these bigger names to start doing commission free trading which is beautiful for me and you as consumers and so if you're looking at hey where do I start I want to get my hands wet I want to get into the stock market and I'll tell you this the best way for you to learn is not just sitting on the sideline and watching it's for you to actually be in the stock market to learn and when I say be in the stock market I'm not saying that you should take your entire life servings and throwing in the stock market I mean you're smarter than that so you can start with as little as $10 $20, $30, $40, $50 so if you have anything within that range that you can say hey this is money for me to learn I assume that you're just buying a book for 30 bucks on the Amazon so you take that money you choose one of the platforms that I just talked about here and put that money in there and play around with it that would teach you a better lesson as opposed to just sitting there or just reading and you can read books along the way but if you are in the market you can learn faster than if you're just reading or listening to people so my goal is that by the end of this video I want you to get your butt off the couch and start it and get into the market and start getting a feel of it and just getting an experience so what does it take for you to get started it takes three key things right the first thing is that obviously you need money the second one is that you need a platform for you to invest that money in and the third is you need to invest the money in something which is in this case a stock or a security so when I say security that means individual stocks, ETFs index funds and all that good stuff so I don't want to scare you with all those names but basically I just call them security in this case so if you have $50 let's say to start with then you choose a platform what are the criteria for you to actually choose a platform that you want to invest in number one you can look at how easy the platform is for you to use and again for you that's just starting out I would encourage you to use one of the easiest platforms so you can use something like Robinhood you can't go wrong with Robinhood I'll put the link in the description and if you sign up for Robinhood using that link you get one free stock let's say M1 M1 is another platform that's really good the first phase of M1 is pretty easy but it takes a little bit of a learning curve to actually understand the different pious and how you can use them but when I say a little bit of a learning curve it's not difficult I'm pretty sure you can do it because pretty much everybody that I've seen that's been on M1 to figure it out or you can use SoFi which is still another good one very clean and not super complicated and again all these platforms that I'm talking about I'm going to put the links in the description below so if you sign up to any of these platforms using those links again like I said with Robinhood you get a free stock with M1 Finance I think they give you ten dollars to start investing with with SoFi you get twenty five dollars if you deposit I think a thousand dollars and so I mean the point here is I want you to pick a platform so if I were to recommend for you that's just starting out I would say go with Robinhood because it's so easy pretty much you sign up your account it's a proof you deposit your fifty dollars or one hundred dollars to start with and then just like that you're ready to start buying stocks so like so let's recap here I said to you for you to get started you need three things right you need your cash you need your platform and you need the stock or the security say you want to invest in so we really concluded that you have the cash we've said you can choose Robinhood as your platform and then the security is to invest in that's where you can start looking at what stocks are available so for under ten dollars a stock like Ford Motor Company you can buy that and again the goal is not for you to become rich overnight but the goal is for you to learn how the stock market works I want you to be able to just buy a stock even if you hold it for two days or three days and don't make any profit but sell it it's commission free so you're not worrying about losing anything so if you buy it for ten dollars and after two days it's still ten dollars you sell it but I want you to be able to go through the process of buying and selling because that's going to help you understand how the market really works and in that process now you start learning how to do research looking for the different stocks or like dividend paying stocks and all that good stuff but again you cannot kind of want to learn about it if you're not in this space so I'll say get started getting the space now let's move on to point number two and I already talked about it a little bit which is how much money do you need to start with there's no set amount of money for you to start investing you can start investing with as little as one dollar on any of this platform that I just mentioned so if you sign up for Robinhood again the links in the description you get a free stock and even if you put one dollar you can invest that one dollar into a stock and learn does that really make sense? I mean like you can start literally with one dollar because it's commission free I just want to emphasize that so if you have if you can sacrifice ten dollars a month you put that into that account and you buy some stocks and you just get a feel of it the most important thing about the stock market that I've actually seen over the years is for you to actually get money in the long run you have to be in the market for the long run so somebody that bought stocks in 2009 or 2010 by 2020 those stocks would have eaten some of them would have doubled in price and if they're paying dividends you would have collected dividends over ten years which is awesome so the longer you wait the more time you're wasting because you're never going to get that time back start investing as early as possible as young as possible because in that way you have enough time to put in money and to get you putting in money under less pressure because you're starting with ten dollars or twenty dollars a month but when you are like in your 40s and your 50s for you to actually save up and get enough money to put it in there you're going to be requiring yourself to put in at least a thousand dollars or two thousand dollars a month to see the same gain that somebody that started in the 20s and putting in twenty or thirty dollars a month will get by the time they turn 50 so that's just a quick nugget that I wanted to give out to you guys so again recap how do I start in the stock market and how much do I need to start with basically you don't need any rocket science degree to get in the stock market you have to be in the space to get started so you need money you need a platform and you need securities to invest in so again I'll put a link in the description to all the platforms just sign up go in there, browse around, look at it and if you do have any questions let me know in the comment section my goal for you is to start like yesterday and just move forward start with as little as possible and just continue to grow on that and continue to put in more money as you learn and understand what it takes and again even choosing other securities you can just find things that you love if you love going to Starbucks you love Starbucks coffee how about you buy your stocks because people like you go in there those are the people that are growing that company making it flourish so you buy your stock if you like driving at Tesla how about you show your love for Tesla by buying Tesla stock and then as it grows you make money and you just implement to find what you want to buy so question of the day what's holding you back from starting your investment journey let me know in the comment section again guys if you're new to the channel we talk about how to end money how to save money how to invest money, how to build what so if that's something that really interests you just go ahead and hit that subscribe button again on the notification icon because it helps the YouTube algorithm and as always guys stay motivated