I just opened an E-Trade account with $1000, now what?

Hello everyone! Your resident newbie investor Liz here, back to update you on the beginnings of my investment journey.

As Lao Tzu so eloquently stated, “the journey of a thousand miles begins with one step”, and I figured my logical first step in this process would be to open an online investment account!

So, on January 1st, I took the plunge and opened an E-Trade account, and filmed a vlog while doing so.

For your education and/or amusement, here is my vlog about opening an online trading account!

How is this possible, you ask?

Well, for a millennial with any degree of tech savvy, the sign up process is a breeze.

However, there were quite a few terms mentioned and questions asked that had me promptly clicking a new tab for a google search to figure out what in the world they meant.

It takes a bit of humility to learn something new, and naturally it takes some time.

Fortunately, in my early 30’s, I know that now is a great time to begin investing.

I’ve committed to investing at least $1000 a month for 2020, and my long term goal is to create a passive income down the road so I can work a little less and play with my horses a little more.

I recognize that it’s going to take a while to build said passive income, and I do intend to up my monthly allocation towards my investments in the future… but heck, you’ve got to start somewhere, right?

If you’d like, you can read my intro article here: I’m Liz. I’m 31. And I’ve decided to document my investing journey on the Internet.

To the first step and the many steps to come,
Liz