How To Invest Your First $1,000 In The Stock Market - Step By Step Investing For The First Time

If you've been getting ready to start investing, but haven't been sure exactly how to start, then you're in the right place. You're also in the right place if you're not convinced you should be investing, but are curious - in about 15 minutes we think you'll be ready to jump in! We're going to go step by step into how you can invest your first $1,000 (or less) in the stock market, from picking a platform to actually purchasing your first investments. Get ready to make some money!

0:00 Investing should be boring (at least at first)
1:25 You need to start investing, here's why
4:17 Active investing can mean mutual funds...
5:19 ...Or it could mean single stocks
6:25 Passive investing means matching the market
8:22 Step #1: Pick your investment platform
10:17 Step #2: Pick your investment account
11:36 Step #3: Buy your investments
12:27 Step #4: You need to stay consistent
13:29 How much money should you invest, anyways?
14:45 And what should my risk level be?

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Disclaimer - This content is for education and entertainment purposes only. Steph & Den do not provide tax or investment advice. The information is being presented without consideration of the investment objectives, risk tolerance, or financial circumstances of any specific investor and might not be suitable for all investors. Past performance is not indicative of future results. All investing involves risk, including the possible loss of principal.

[stephandden]

If you weren't ready to invest before, you are now! Don't forget to check out our recommended investment platforms linked above. 🙂

[pigsonwings]

people need to learn these things in school. i’m so glad you guys are educating us like this

[Ruth-AnneKlassen]

This was a concise summary of what I've heard about passive investing, but wasn't too confident about. Thanks you two!

[nicolecruz]

Let me just say this channel is completely underrated. There should be millions of people watching. I’ve been watching for about 1.5-2 years and I always look forward to the next video. The content is ✨Gold✨ Because of you guys I started investing early and have enjoyed seeing your journey.

[deepseahorses]

Thanks for creating Canadian specific content. It's so helpful!

[Sirhlande]

Thanks a lot ! I like your Ramit sethi attitude 😊 was looking for the Canadian version and I think I’ve found it ! You’re great ! I have a question though, I do ETFS on my French bank account and I wonder if I should open one in Canada or just keep one and continue investing on it ?
Thanks for your time 😊

[tigrayalula]

I was waiting for such kind of tangible video. Thank you folks!

[ruman]

I'm coming to Canada as an international student and am really interested in investing stuff. I'm really grateful I found you guys. Thanks for your efforts. 🥰🥰

[mazwrld]

I bit the bullet and invest just right now.. Thanks for putting me on. Also the production on these vids is crazy good!

[Jess]

You both explain everything so clearly. I did invest $100 just to try it out.

[hhewitt]

Great job on the video guys keep them coming.
I will forward this one to my kids to start investing time is on my kids side. Thank's 💯💥

[laurenkines]

It’s very overwhelming to get started and I’m very lacking in the knowledge department on money and stuff so these videos are definitely gonna be apart of my routine hah

[joemarchant]

@stephandden ...could you talk about what happens if you one day you need to withdraw all your money in case of an emergency ? are there fees ?

[angelabrown]

How did I miss this video ?? Such a good video !

[natania.creatress]

This might sound like a silly question, but how do I add Robo advisor to my wealth simple app?

[t.lynch-major]

From a fellow Canadian, thank you for creating this video!

[raymondhoho]

Great video. Very informational. Thank you for this. :^)

[being_compiled]

So if "time in the market" out performs "timing the market" and I have $6000 ready to rock my TFSA, I deposit it all at once January 1st right, no need to stagger it into tiny recurring payments throughout the year?

[stacy-annmorgan]

Would u ever make a video on GIC’s. Trying to put some money in there. Some of the big bank platforms are so hard to understand. RBC has me everyday ready to switch only because they are my longest credit standing. Also what about KOHO bank account.

[Nasus_]

Love your content! Do you have a demo video of the DYI approach on Wealthsimple? I think I saw you have a step by step demo for the robo advisor version but one for the DYI approach and how to automate the monthly transfers/ buying would be greatly appreciated 🙏🏾