How Much to Invest

There's a lot of stocks out there with different prices ๐Ÿค” Here's how you should approach deciding how much to invest

On Bloom, you can buy a stock for as little as $1! ๐Ÿ’ฐ

This makes stocks affordable, but it also gives you the responsibility to decide how much money you want to invest ๐Ÿค”

Realistically, youโ€™ll invest out of a dedicated pool of money you set aside for investing ๐Ÿฅณ

Hereโ€™s how to determine how much you should set aside ๐Ÿ‘‰

First, and most importantly, never invest more than you can afford to lose ๐Ÿฆบ

This means you should avoid depositing funds that you might want to spend in the next month or two on things like rent, food, or any other expense ๐Ÿค”

Next, try to put aside money regularly ๐Ÿ’ธ

This could look like depositing $20 every week โœ…

How much are you comfortable investing every week? ๐Ÿค”

Jot this down and consider setting up a โ€œrecurring depositโ€ on Bloom to automatically set aside funds for investing ๐Ÿ’ช

You can start by picking a percentage of your savings or income ๐Ÿ”ฃ

Some experts suggest investing 10% of your income, while others say up to 50% ๐Ÿ‘€

The real answer is that it depends on what your expenses and risk tolerance are, so just pick something that feels comfortable for you ๐Ÿ˜Ž

So in summary: take a look at your savings, allowance or job income and either decide on a flat amount to contribute regularly, or a percentage! ๐ŸŽ‰

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Experts have suggested anywhere between. . .

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