How to invest in stocks?
Posted on 10 January, 2024 . 3 min read
A lot of people will try to tell you that investing is scary and not for everyone, likening it to gambling. I'm here to tell you that is false. Investing is not very hard. I've been doing it for nearly 20 years, and I've done well. You can do it too.
To make investing easy for you, we built tools that are intuitive and user-friendly. Let's jump in. We have a product called Invest. Under Invest, you can go to Explore, where you will see how investing works in real-time.
For instance, let's say you are fairly young in your professional life, around 35 years old, and you want to invest $100 cautiously. If you choose a balanced investing approach, you could be looking at making $100,000 in 20 years, by the time you're 55.
Now, if you decide to invest $200 a month, you could expect to have $200,000 over the next 20 years. But what should you invest in? That's a common concern. We have tools to help you decide. For instance, if you invest $200 every month, most of it should go into the S&P 500 Index, aimed at American audiences. Some should go into small caps like VB.
Here’s my suggestion: if you're around 35, max out your 401K. For 2024, the 401K limit is $23,000 a year, which is about $1,900 a month. Maxing out your 401K starting today could give you $91,900 to invest in the stock market annually. Following this simple plan, you could have $2 million in your 401K account by 2044, when you're 55.
It's never too late to start, and you can start with as little or as much money as you can. If you and your spouse both max out your 401Ks, you're looking at $4 million over the next 20 years. If you choose an aggressive approach, you could be looking at $5 million. If you're an expert in a specific field like technology, we can show you specific stocks to invest in, not just index funds, to further increase your investments.
This is a quick snapshot to tell you that investing is not hard. You need to get started and be consistent. The key is recurring monthly investments. Max out your 401K, maybe add a bit more, and you could have millions of dollars. Stay invested, and we will guide you every step of the way, explaining what to invest in and why.
For example, we might recommend Samsara because it's growing faster than 92% of its peers, or Square, which is undervalued compared to 87% of its peers. We provide all the information you need right here.
So, go ahead and create your account, search for Xillion in your favorite search engine. Create an account, and we will guide you on how to invest, get started, stay invested, and become financially independent in 10 years or less. What are you waiting for? Create an account today. Thank you so much.