The reasons for learning how to invest while you are still in school are many. Simply put, they all add up to making more money in your life through the stock market or other forms of investing. College students studying finance or even non-business related studies often times are interested in learning how to invest while still in school. What are the best ways to do this?
Join Your School’s Investment Club
Many schools have a club for people to learn how to invest and discuss the markets. If your school does not have one, consider finding similar folks and starting the club (this could also be a resume builder).
Get a “Fake” Trading Account
There are plenty of websites online that allow you to create a play trading account to where you can buy and sell stocks and track your performance. This is a great way to begin to learn how the markets work without risking any money. There are limitations however, and if you’ve ever played poker with fake money, you realize that your betting patterns do not imitate reality when you don’t have real money on the line.
Jump Into The Markets
This is probably the best way to learn how to invest. You will never learn faster than when you have real money at stake. While this could seem overwhelming, stick to ETFs and start following the broad market indices. This is a great start.
Next, start tracking the shares of a few companies that you are already familiar with. Apple is one that comes to mind for most people. Next thing you know, you’ll know hundreds of stocks and understand broad market trends better than you ever thought.
For more insight into how to learn how to invest while in college, other college financial tips and other advice for 20-somethings, check out 20smoney.com.
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