Investing in stocks, regardless if it’s Google or a cannabis company is surprisingly easy, and it’s one of the only ways to potentially turn a small amount of money into a large amount of money.

To put the power of investing in perspective, had you opened up a brokerage account and signed up for Stock Advisor in January of this year, assuming you received all of the alerts, an initial $10,000 portfolio would be worth well over $18,740 today!

Why Buy Stocks?

In this world, we need money. Working a regular 9-to-5 job will never make you rich. No matter how much W2 income you save, it’s impossible to stockpile an outsized sum of cash.

Investing is one of the only ways to do this – period. Nearly all of the world’s wealthiest people have earned their fortunes through investment income, not through salaries.

Put simply, investing is an essential component to financial freedom. Stock Advisor is the best resource to help you find the best, most profitable stocks to invest in.

Step #1: Opening an Account

The first thing you’ll have to do before you can invest in stocks is open an online brokerage account.

All stock and ETF trades start at just $3.95. Plus, every Ally client gets access to robust trading platforms and 24/7 customer service, and Ally never charges any inactivity or maintenance fees.

Step #2: Finding Winning Stocks to Invest In

OptionsBro Stock Advisor helps take the uncertainty out of investing. We have a proven track-record of picking winning stocks every week. Our alerts are sent out every Wednesday to our subscribers indicating which stocks are likely to go up in value.

Although you certainly don’t have to sign up for OptionsBro Stock Advisor to make money from buying stocks, investing without signing up is like throwing darts with your eyes closes and hoping to hit a bullseye.

Nonetheless, once your Ally Invest account is opened and funded, and you’re ready to trade, consider taking a look at some of these popular stocks in 2019.

Step #3: Making the Trades

Once you’ve entered the company name into Ally’s platform, real-time prices and buttons to buy and sell the stock will appear.

After you’ve selected a stock to invest in (like Starbucks, for example), you need to decide how many shares you want to purchase. This will be your fractional ownership in the company. The exact number of shares to purchase is entirely up to you. You can buy 1 share or 1,000,000 shares. You’re only limited by the funds you have available. Ally’s system, thankfully, won’t let you accidentally purchase too many shares relative to your account value. As a general rule of thumb, most investors never put more than 10% of their available funds into a single stock. So if you have $1,000 and a stock is $50 per share, you might want to only buy a few shares.

When it comes to placing orders, we always prefer to use limit orders, because you get to decide what price you want to buy or sell at. A market order will execute your order at the current market price. This is sort of like buying a house without looking at the offering price; for stocks, market orders are only useful if you don’t care about the short-term price movements and just want to own the stock. After submitting your order, you’ll receive a confirmation of your investment and you’ll officially be an investor!

If you want to sell your investment and close out your position, all you have to do is click on your position in your Ally Invest account and click “sell”. Of course, if you need help with anything in this process, customer service is ready to help you 24/7 over the phone or live chat.

About Opening a Brokerage Account

Final Thoughts

In the world of finance, investing is always considered somewhat risky, but it’s also highly lucrative. As the old saying goes, “fortunes favor the bold.”

At the end of the day, buying stocks and investing is planning for your financial future. Regardless of the amount of cash you have in your bank account, if it’s just sitting there, it’s not doing anything for you. Financially savvy people put their money to work by investing it in stocks.

BUY STOCKSopen an account on Ally Invest’s secure Site

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Updated: April 1, 2019