P.A.R.C. Mag Issue #7 - Page 82

example) you might have noticed several companies that extremely willing to help you start investing. When searching, for VAPR, the following companies popped up: ETRADE, Fidelity, TD Ameritrade, and Charles SCHWAB. When clicking on ETRADE they even had an offer available immediately listed as follows: "Get up to $600, plus 60 days of commission-free stocks and options trades when you open an account with $10k or more." (https://us.etrade.com/knowledge/markets-news/analyst-research/quote-analysis?symbol=PM&s_id=YHOO&ch_id=d). Are these the only companies that do this? Of course not, do some research and find the one that suits you the best.

What if you want someone else to do the diversification for you, what should you do? Well, mutual funds are an option. A mutual fund is a portfolio of funds of which you can buy shares in. When you do so, you purchase a small part of the whole portfolio. The more you buy in, the bigger your piece of the portfolio. Mutual funds have fund managers that do the research for you, but they also charge you for it. At least you don't have to worry about doing the research yourself. Do take time though to see what the portfolio looks like, what the investments are in, etc. before buying your shares. Other options that do not require you to do the work, but still costs you is getting a Financial Advisor from an investment company like Edward Jones or UBS. There are even online financial advisors like Wealthfront. Unless the gains/losses don't matter much, look at every detail no matter which way you decide to invest, before you put your money into it. Technology has also made things easier for scammers so be wise and investigate before committing. Good luck in your investments and have fun with it!