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!

My first reaction is that the process was rather intuitive and simultaneously kind of confusing.

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

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