Do you own stocks or investments? Don’t feel bad if you don’t. It’s understandable in this economic environment.
The fact is that most Americans aren’t invested in the stock market.
There is nothing easy about investing.
Also, you may feel the creeping suspicion that everyone is investing and making a financial killing.
The truth is that only a small percentage of Americans actually invest in the stock market.
The average gainfully employed twentysomething in the United States has over $10,000 of their finances steeped in various personal investments.
Some people in their 60s have as much as $210,000 of their money tied up in investments.
About 10% of the richest American households own over 92% of the available stocks in the United States.
The unfortunate reality is that prudent investing takes time, money, and patience.
And if you want to become wealthy one day, you need to become a wise investor.
To become rich, you must eliminate all debt, save more money than you make, make wise investments, and generate several revenue streams if possible.
So, let’s assume you are working on eliminating debt and saving money. Investing wisely is not an easy thing to do.
And usually, you want to begin investing with a diversified portfolio worth a few hundred or thousand dollars.
If you want to start simply, you can try using some spare change investment apps.
Or, you could invest in successful companies with stocks under $10.
These are companies that may have experienced some recent valuation volatility. However, they also have an impressive business and consumer popularity record to warrant belief that they will continue being successful.
ADT
ADT (ADT) is a well-known home security system service. A share of ADT stock is currently worth about $10.95.
The stock has struggled in recent years but has recent doubled in value from recent lows.
People will always need security systems, so this is one stock you should keep an eye on in the future.
Zynga
Have you ever downloaded mobile games like FarmVille, CSR Racing, Words With Friends, or Zynga Poker?
Well, then you played mobile games developed by Zynga (ZNGA), the largest mobile and social media gaming company in the United States.
Many financial market experts believe that Zynga will rally again from market lows in the current and post-quarantine era.
A share of Zynga stock was worth about $8.50 at the time of this writing.
Get Professional Consultation
Whether you invest $10 or $10,000, get advice from a professional investor.
Or, talk to someone you know who has invested.
It makes sense to try to invest slowly.
It doesn’t make any sense to lose your money quickly with hastily considered investments.
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Allen Francis was an academic advisor, librarian, and college adjunct for many years with no money, no financial literacy, and no responsibility when he had money. To him, the phrase “personal finance,” contains the power that anyone has to grow their own wealth. Allen is an advocate of best personal financial practices including focusing on your needs instead of your wants, asking for help when you need it, saving and investing in your own small business.