Mr. ThreeYear and I have made plenty of mistakes during our financial journey, but one thing we did right was to start investing early. You can read more here about how we learned how to invest in the stock market. That boon of investing money early has given us a much higher net worth than we would have otherwise had.
The Early Years
I began to learn about investing in college. Unfortunately, I hadn’t yet learned about IRAs and didn’t save any of my job earnings. But, I did begin to learn about investing in individual stocks. This was around the time that Scottrade was founded, and my dad began to make individual stock investments. I did a very small amount of research and began to invest some of the money I had in individual stocks, which were mainly blue chips, or well-established companies that paid a higher dividend each year, like Coca-Cola, Johnson & Johnson, and energy companies. I began my portfolio with about $4000 and slowly added to it during college. I did minimal trading and practiced the buy and hold strategy. Continue reading “The Boon of Investing Early”