Top 3 Investing Accounts For Beginners! 💸 (STOCK BROKERS FOR BEGINNERS) #Best Education Page #Online Earning

- How's it going today, guys?

I hope you're having a fantastic day.

In this video here,

we're gonna be talking about the best investing accounts

to open in 2018.

If you're somebody who's looking to start investing,

but you don't really know where to start

and you're
looking at the different options out there,

this video should give you a good idea

as far as what investing account is going

to make the most sense for you.

I'm gonna be listing out my top three picks

for investing accounts available out there right now

for a complete beginner to get started with.

Now, the one thing I do want to stress is this.

If you are thinking about investing

and you're on the fence, start taking action.

With a lot of these accounts,

you can open an account with as little as zero dollars

in some cases.

It's not gonna be a lot of money to get started,

but if you put this off for another six months or a year,

you're gonna look back and wish you started today.

If you are thinking about investing,

I highly encourage you to take action and get started today.

Maybe one of these accounts will make sense for you.

If not, continue to do your research

and find an investing account that's gonna offer to you

what it is that you are looking for.

Now, first of all,

I am doing my weekly stock radar giveaway.

Again, that is my weekly stock analysis membership site.

It's gonna be closed up until August 1st

and then it will be back open for enrollment.

This week's winner is Zach E. Pointer.

He sent me a message on my Facebook page

that said hashtag, stock radar,

and so I selected you as the winner

for my stock radar weekly giveaway.

You get a lifetime membership

to my private investing membership site.

Congratulations, Zach E. we'll see you over there.

Now, I do have a link to all these investing accounts down

in the description below.

Some of these are affiliate links,

but you do not have to use them, however, if you do,

understand it's helping support my channel and my work,

and allows me to make videos like this that help people

when it comes to investing.

The first account I want to recommend is for somebody

who's looking for a very passive approach to investing.

You don't want to think about it,

you don't wanna worry about it,

you wanna automate the entire process

and just know that every single month

or maybe every single week you have money going

into some kind of investing account.

My recommendation is going to be betterment.

First of all,

let's go ahead and talk about the requirements

for opening a betterment account.

The account minimum is absolutely nothing.

You can open an account with zero dollars

and they charge a 0.25% expense ratio

for betterment digital or if you're looking

for more guidance and you have at least $100,000.

If you have a $100,000 balance with betterment

and you are paying a 0.4% expense ratio,

you'll get access to betterment premium

which will give you unlimited phone access

to a financial advisor.

If you're somebody out there who's looking for guidance

when it comes to your investments or you just want somebody

that you would be able to call and ask questions to,

betterment premium might be a good option for you.

However, I'm assuming most people watching this video,

especially young people, do not have $100,000 to invest.

If that is the case,

you will fall under betterment digital

and just pay that 0.25% expense ratio.

What exactly is betterment?

Betterment is what you call a Robo-advisor.

When you create an account with betterment,

you're going to be doing a risk tolerance assessment

where they're gonna ask you questions

about whether you are comfortable with risk

or if risk is scary to you.

Based on that,

they're going to determine an asset allocation.

They're also gonna look at your goals and your objectives.

Betterment is really good for people who are goal-oriented

or objective-oriented.

Let's say, for example,

you're 25 years old and you want to be investing

for your retirement by age 65.

You open a retirement account with betterment

and you say I wanna have $500,000 in my retirement account

by the time I'm 65.

Well, you can put those goals and objectives in there

and betterment will tailor a portfolio for you.

The main thing that I like about betterment is the fact

that they do automated rebalancing

and that is something that a lot of people forget about,

especially passive investors.

What that means is at least once a year,

and if not twice a year,

you should be going into your investing account

and making sure that all these assets

are carrying the correct weight in your portfolio,

because they are going to be moving in different directions

at different times.

At some point,

you may be up on a particular asset, but down in another.

Let's say, for example,

you wanted to have 25% of your portfolio

in international stocks and 75% in domestic.

Well, you could check back a year later

and find that you're 30, 70 or 35, 65

and you'd want to rebalance and get those levels back

to normal, but a lot of people fail to do this

and they miss out on having a balanced portfolio.

They end up being overweight in certain areas

because they're forgetful.

If you are somebody who's going to likely be forgetful,

you're gonna want to take advantage of a service

that's going to offer rebalancing for you,

and betterment is going to automate that rebalancing

and keep your portfolio at the correct weight based

on your risk tolerance and your investment objectives.

Now, if you are somebody who's looking to invest

in individual stocks,

betterment is not gonna be for you

because you cannot buy individual stocks through betterment.

You're gonna be investing in low-fee ETFs

or exchange-traded funds and betterment is going

to build an asset pool for you based on your goals

and based on your risk tolerance.

It is for the most passive investors out there

and you can automate contributions every single week

or every single month so you know that your money is going

into your investing account

and you have to do absolutely nothing.

Betterment is for the most passive investors out there.

Now, the second account I would recommend is

for people who want to be picking some individual stocks.

Maybe you do want to be investing in some ETFs

to form a foundation of your portfolio,

but you also want to be more active with your investments

and invest in some individual stocks.

Now, traditionally I would have recommended Robinhood here,

but I've recently learned about a new investing account

out there called M1 Finance.

Having looked into this investing account myself,

I feel this is a much more superior product

than what Robinhood has to offer.

The only difference between these two accounts is

that Robinhood has a zero dollar minimum account balance

while M1 Finance has a $100 minimum account balance

or $500 for retirement accounts.

Most of us have at least $100 to get started with investing,

otherwise I would just wait and save up some more money.

The general rule of thumb that I have is about $500

to $1,000 is a good amount to fund your account with

and get started just so you have enough

to have some skin in the game here.

M1 Finance has some very interesting perks

or features that they offer that go above

and beyond what Robinhood has to offer.

I think we are all familiar with Robinhood at this point.

They offer commission-free trading

with no minimum account balance,

and so it's completely free investing,

completely free trading for people in the United States.

The one thing I will mention is all

of these brokerage accounts are U.S. only.

I do apologize, I know a lot of people are interested

in European brokerages.

That's an area that I do not know a single thing about,

but if I get enough requests for that,

maybe I can do some research and do a video like this

for non-U.S. investors.

The main thing here

that they're offering is automated investing.

What you can do with M1 Finance is build out your portfolio

and design your portfolio and say, okay,

I wanna put 20% of my money into Alibaba stock

and I wanna put 50% into VOO, the Vanguard 500 fund,

and then maybe you wanna put some more money

into some kind of international fund

or you have another individual stock you want to own.

Well, with M1 Finance you can design your portfolio,

setup your portfolio how you want it,

and setup those pieces of that pie.

Then, it's going to automatically be investing

in what is underweight in your portfolio.

What M1 Finance does is automate that whole process

of rebalancing your portfolio so all you're gonna be doing

is adding money to M1 Finance and when you do that,

they're going to be buying what is underweight

and what you need to load up on.

If you are redeeming or pulling money out

of your M1 Finance account,

they're gonna start by pulling money out

of what you're overweight in.

They're automatically going to be buying low

and selling high for you on your behalf,

and that's gonna take care of that whole rebalancing aspect

that, like I said, a lot of investors fail to do.

If that's not good enough,

there is still one big feature that M1 Finance offers

that we haven't talked about yet

and that is fractional shares.

There are a lot of shares out there or stocks

that trade at massively high prices per share.

For example, Amazon stock is over $1,700 per share

and we know Berkshire Hathaway is over $280,000 per share.

I don't know about you guys,

but I don't have a quarter of a million dollars

to put into one share of Berkshire Hathaway stock.

If you're trying to invest in these stocks

through an account like Robinhood,

you have to buy a single share of that stock

and you'd have to have $1,700 or so

to buy a share of Amazon,

but with M1 Finance you can buy fractional shares

of a stock and you can buy a $10 position in Amazon stock

or a small position in Berkshire Hathaway.

You don't have to have all this money to buy a whole share

of these stocks that are trading at such a high price.

With M1 Finance,

you can buy fractional shares

of some of the these very high-priced stocks

that have not split up into smaller pieces.

That is another key advantage I see to M1 Finance

and for those two reasons,

that is why I prefer M1 Finance to Robinhood

for a beginner.

It's going to allow you

to set up your portfolio the way you want it,

automate your contributions,

and the other thing I like about M1 Finance

is it takes the human error out of the equation,

whereas you're going to be automatically re-buying shares

of what is low.

While most people would be afraid to do that,

it's going to do that automatically on your behalf.

That is another big plus I have for M1 Finance

is it takes that human error out of the equation,

because you set up your ideal portfolio

and then you just automate the entire process.

For people looking to have a more active approach

to investing, you're looking to invest in some ETFs

and also individual stocks,

and you're not looking to pay commission to a broker,

M1 Finance is going to be my number one pick.

Then, my third favorite investing account

for 2018 has nothing to do with the stock market

and the reason that I included this is because a lot

of people should consider diversifying their assets.

A lot of people out there are only invested in stocks

and they don't have any bonds,

and they don't own any real estate,

and you really have to be investing in different assets

because they're going to move in different ways

at different times.

I'm looking at investing in real estate.

I'm actually looking at investing

in some physical real estate,

but I've also started investing

in a platform called Fundrise that allows you

to be investing in real estate and kind of take advantage

of those private real estate investment opportunities

that are not traditionally available to the general public.

The only way that people can invest in real estate

in a stock market-like form is by investing

in a real estate investment trust

and that's gonna be a pool or collection

of different commercial real estate.

It's gonna be managed and you're gonna be earning dividends

on that REIT, but the main problem with that is

because it trades on the major stock exchanges,

it's going to correlate very closely with the stock market.

What you would look to do is invest in real estate

that has nothing to do with the stock market.

It's not trading on a stock exchange.

Now, traditionally this was reserved

for the very high-ticket investors

who had hundreds of thousands if not millions of dollars

to invest in real estate projects,

but basically what Fundrise has done is allowed investors

to pool their money together and invest

in real estate projects with as little as $500.

I just got started with Fundrise.

I put $1,000 in the account.

I'm gonna see how it goes

and I'm gonna plan on building up a good chunk of money

in my Fundrise account just because it's an asset

that is completely different than stocks

and it's not going to be as correlated

to the stock market because it doesn't trade

on the stock exchange.

Fundrise offers you what is called an eREIT.

It's a little bit different

than a real estate investment trust

and I'm gonna do a whole video talking about Fundrise

and going into more detail about this,

but understand that with an eREIT

they're basically cutting out the middle man entirely

and they're able to offer this product

with less fees and expenses.

Like I said, I'm gonna go into more depth about this

in a different video,

but let's go ahead and take a look at the returns

from Fundrise so far.

The one thing I do have to say is that

while these numbers are very high

and they are very exciting,

we only have four years of operating history here.

We can't go by that and assume that all the future returns

for the years going forward are going to be like this.

We certainly hope they are,

but with only four years of operating history,

they don't have a seriously long track record

to go off of.

Do understand that these returns, of course,

are never guaranteed and they certainly do not have

as long of an operating history as some

of these real estate investment trusts out there.

The returns from Fundrise so far have been excellent.

In 2014, the average annualized return was a 12.25%,

12.42% in 2015, 8.76% in 2016, and 11.44% in 2017.

These are very good returns.

Typically we see an eight to 10% return

from the stock market, so based on these four years,

they're a little bit higher

than the returns you typically see from the stock market.

Now, again, that's not why I'm investing in Fundrise.

I'm investing in Fundrise to diversify assets

and to have more exposure to real estate

in a way that is not directly correlated

with the stock market.

But anyways, guys, that's gonna wrap up this video.

I hope you enjoyed it.

If you want me to do a more in-depth review

or overview of some of these investment accounts,

drop me a comment down below and like I said,

all of these investment accounts are linked up down

in the description below.

Thank you guys so much for watching this video

and I will see you in the next one.

If you are interested in learning more about investing

in the stock market,

I've created a free course just for you.

The link is in the description below.

Here are a few of the videos you might enjoy as well.

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