Not all pages are ham radio related on my website, here is yet another page in my "off-topic" series in case you are interested.
One of the things I play around with when not on the radio is investing. This topic comes up at times, so figured I put a page together with some links (some affiliate) to help you get your feet wet or perhaps help you get in deeper. Whether for retirement, extra dividend income, or perhaps a new radio, it’s not a bad idea to stash away a few extra dollars every month. Using some of the links below there are also special affiliate awards for you to take advantage of, so read on!
Online investments now-a-days are generally stocks and cryptocurrency.
Stocks have been around for ever it seems though has become much easier to trade them and now for FREE. Meaning there are services out there like the one I am going to mention where you can buy and sell with no fees. The first service to offer this feature is also one that I use regularly, this would be Robinhood.
In addition to no fees, Robinhood also allow fractional share purchases as well as automatic dividend reinvesting. Dividends are money some companies give you for just owning a share. This is mostly independent of stocks price going up and down.
Why is this cool? Well, if you want to own a company, let's say something more expensive, but you only want to invest $100 for example, you can own a partial share. Plus the free one you get by using my affiliate links. If you buy a stock which pays dividends, like Coca-Cola, Apple or an ETF for example, these will get reinvested to give you a larger portion of shares on which you will be earning more. Compounding at work in a way if you will. Check out Robinhood using this link and get a FREE Share when so complete signup.
Cryptocurrency is somewhat newer. Basically when most think of cryptocurrency Bitcoin and Etherium are the first to come to mind. There are many others, though I will be honest 90% of the "other coins" out there are crap. Maybe even 95%. I would not mess with them unless you really know what you are doing. The services I have been using are Coinbase and BlockFi.
When you sign up for Coinbase you get FREE money ($10) as well as help me (this website) offset costs.
BlockFi actually allows you to earn Bitcoin. Yes, you get your rewards in Bitcoin. How cool is that? So your rewards are automatically invested in a way. When Bitcoin is down and you earn, your value goes up when Bitcoin goes up. When you earn rewards in dollars (or your local currency) or airline rewards for example, you never really get the value it appears. You can convert bitcoin to local currency anytime, hopefully when it goes up more, and use it as cold hard cash!
Click here to get started with BlockFi and get a special reward.
Recommended reading on Stocks & the Stockmarket:
The Intelligent Investor - The Definitive Book on Value Investing
Modern Value Investing 25 Tools to Invest With a Margin of Safety in Today's Financial Environment
Rule Number 1 The Simple Strategy for Successful Investing in Only 15 Minutes a Week
Stock Investing for Beginners - Fantastic Moats and Where to Find Them
Recommended reading on Cryptocurrency & Blockchain:
The Only Bitcoin Investing Book You willl Ever Need - An Absolute Beginners Guide to the Cryptocurrency - A good complete guide and complements the book below.
Bitcoin For Dummies - Which is something for those who are brand new
Wish you the best of luck if you choose to play around with online investing a bit. Proceed with caution, do your home work and if you can, please use the affiliate links above as it will support this website (cut my costs) as well as give you free stuff per above. We BOTH win!
If you find something incorrect, have an update, or if there is something you would like to see added to the site, drop me a line here. I like to keep things as up-to-date and as accurate as possible. Thank you! - Lucas / W6AER
