>>1041665 You dont have to be rich before starting. Regardless of what these niggers are going to tell you, theres nothing wrong with starting slowly, just remember to keep putting money into it and while diversity is important, you can get that over time. You wont get diversity with 500$, but losing 500 dollars wont kill you, diversity is something you want more and more as your portfolio grows.
Starting with 500$ is better than not starting at all
The main thing to watch out for is share-dealing charges (and taxes in some places). If you sign up to a platform with a flat £25 a quarter fee, then you'll lose 20% a year on a £500 investment before you've even got started. In that kind of situation someone with a percentage fee (typically something like 0.25-0.5%) would be better. As well as that, most platforms charge a per-trade fee, usually approaching £10 here. Again, on a £500 trade that's 2%, on a £50 trade it would be 20%. This all means that the smaller your portfolio the higher your risk, as you need a better return in order to see any profit.
right, thank you. I keep saving into the thousands but just end up consuming it all. Do you think that keeping in financial assets and being able to see the changes and growth in your equity is an incentive to keep holding/keep saving
>>1041709 to your bottom question, yes. and watching your number rise and realizing how far ahead you are than all of your peers that just appear to be ahead, ex; big house, nice car, nice clothes, nice tx etc = credit card charges or a monthly debt to be paid AKA an illusion of success majority of the time
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