We’ve all heard the statement: Practice makes perfect. Well, when it comes to the stock market, it is no different. In today’s evolving financial world, getting your foot into the market can be challenging. From the incorporation of AI technology to the ever growing influence of social media, the idea of the stock market – specifically, getting your money involved in it – feels a bit convoluted. The reality is, those very things that make the stock market so scary are the things that are making investing in it more accessible to the average person. Technological advances, attainable education resources, and the right strategy can set you up on the right track to investing your money properly.

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If you’ve never invested in the stock market, have no fear – you’re not alone. In fact, we recently surveyed 1000 people across the US and 56.9% of people – over half of people – have no experience in the stock market. However, of them, 30.8% are interested in investing. 

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What that tells us is: Most people do want to invest, they just don’t know how to. We get that. Which is why we’ve curated three helpful tips to help you start your investment journey!

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1. Hit the Books

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The stock market holds a notorious reputation, often compared to a shark tank. So, the best way to help a beginner take the plunge is by simplifying complex topics. With complicated terms like “bear market, “new options sentiment,” and “bull signals,” it’s a wonder why you haven’t invested sooner. 

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That’s why we recommend investing your time in the books before investing your money in the market.

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Just like anything, when you strip the financial world of its big words and reputation, it is a fundamental that is relatively straightforward to learn. It’s not easy, but it is doable. There are plentiful options on how to start learning about the market. From books, to new articles; podcasts to social media personalities – all resources you can lean on to educate yourself and simplify the market.

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2. Use your Resources

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Like we said before, there are plenty of resources for you to utilize to help you start your investing journey. There are online classes you can sign up for – some even free of charge. You can also keep up with many financial advisors who share their insights on social media platforms. Additionally, you can always find assistance in a financial advisor. Here at Prospero.Ai, we are trying to provide you with the best tools and strategies to help you invest smartly.

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3. Build a Community 

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Just like anything else in life, everything is more fun with the people you like. The financial world is a large and diverse sector. There are people with a variety of viewpoints and ideals, investing their money in a multitude of ways. Find the people who align with you and trade stories, strategies, and advice. You can even find people online through chat rooms and social media pages!

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George (our CEO) was working at his first hedge fund at the age of 17. He had to venture out into the financial world and learn everything he could about the market, how to predict it, how to utilize the evolving technology around him to assess data and cultivate excellent investing strategies. 

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Maybe working at a hedge fund or starting an investing company aren’t your end goal, but that doesn’t mean you can’t get into investing today. When it comes to your money, it is very understandable to be hesitant about trusting it elsewhere. But, the risk is certainly worth the reward. Investing in the market can provide additional wealth to help make life just a little more comfortable. Financial success doesn’t have to happen on Wall Street. It can happen right at home!

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