A lot of people think they need professionals to be able to handle their money. But these professionals can come at a hefty price. That's why, we're all about coming up with solutions to make you more self-sufficient in the investing world. Here's what you need to know.

What is a DSPP?

A Direct Stock Purchase Plan allows investors to purchase shares from a company without the need of a broker at minimal cost. Typically, the initial investment is low ($50 to $500) and you can choose to make regular monthly contributions to increase your holdings over time. If the company pays dividends, they can also be reinvested into more shares to further build your account balance. Would you like shares of AT&T? You can! Thirsty for Coca-Cola? Quench it! Interested in Campbell Soup? You can take stock! A list of companies and plan details can be found here.

Say Goodbye to the Broker

We all know that brokers earn commissions, whose fees can add up for the small investor. DSPPs have low transaction costs so more of your money goes to work. Most people haven't heard of DSPPs because brokers don't have a vested interest in promoting this option. We can imagine why!

Time and Budget

When investing, it is important to have a specific monthly budget and a time horizon. The amount you invest should be a number that you can easily afford and should be funds that you can commit for a period of time. The stock market fluctuates, so keep that in mind.

Building a Portfolio

You are not limited to a specific number of DSPPs, so participating in multiple plans over time would help diversify your holdings. Subsequent investments are low, so you may be able to join many plans if you like based on your budget. Most investment professionals feel that diversification and a long-term investment view can be quite helpful in improving returns. In addition, by purchasing over time you can benefit from the concept of dollar cost averaging. This means that your cost per share will be leveled out rather than being one fixed price. Check out a popular site that gives you investment tips.

Research

Be sure to review all plan program details before investing to make the best and most informed investment decision. For more information on specific companies, click here.


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Airbnb offers an affordable option for people looking to be more comfortable as they travel.

However, there are downsides to staying in a host's home rather than a hotel. Whereas hotels are designed for constant streams of visitors and often have furniture built to last, at an Airbnb, you may be staying on old or cheap furniture that a host is using in order to maximize their profits.

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Long gone are the days when the majority of Americans dreamed about owning a home with a white picket fence.

The traditional American Dream may be on its deathbed, but that doesn't mean a core component of the vision can't survive. It simply takes a diverse perspective. People can still believe they can attain their own vision of success in society with hard work, knowledge, and risk-taking. Investing in today's American Dream may literally mean investing money in our modern economy, starting with our infrastructure.

Real estate investing in particular is a lucrative method that can boost income and secure a better financial future for many. There's always risk involved, but the payoffs can far outweigh the uncertainty. Selecting solid financial investments is about confidence and competence. If you're looking for some advice on this kind of investment, here are a few savvy tips for new real estate investors.

Stick To a Specific Strategy or Niche

Real estate is a challenging sphere of the business world, one that requires several key skills: groundwork knowledge, networking, perseverance, and organization. True knowledge of the real estate market will come with time and experience, but it's a smart idea to select one area of the market and stick to it. This is the best way to attain in-depth familiarity with your specific niche.

First, choose a geographical area close by and then a niche strategy within it, such as house flips, rental rehabs, or residential or commercial properties. By doing so, you can become aware of current inner working conditions in the market and you'll have a better idea of how these trends may change in the future.

Be Vigilant About Viable Financing Options

While it takes money to make money, you don't have to use all your own money. A common misconception about real estate investing is that you must be wealthy to start off. This isn't straight fact, however. A majority of people can test the waters of real estate investing without a lot of initial cash in their pocket.

Aside from traditional financing options from banks and institutions, private lending options can be worthy solutions. Hard money lenders are popular, reasonable choices, and they tend to have fewer qualification requirements upfront. However, be sure to strategically choose a hard money lender to find the best possible fit.

Master the Art of Finding Good Deals

There may be hundreds of thousands of available properties for sale on the current market, but the bulk of them will never amount to the final money-making result you desire. Another great tip for new real estate investors is to use good math to estimate profit. Taking risks is part of the process, but you have the ability to analyze properties and use networking sources to find the greatest deal. You can't win every deal, but you can steadily work towards a thriving financial future.