Investing for Beginners:
Consider Titan Invest
Titan Invest – GRADE: A
Due to its supreme ease of use and low minimum of $5 per month, Financial Joy School gives Titan an A. Through its simplicity and profitability, Titan Invest is easily one of the best investment firms out there.
When you’re just starting out your investment journey, it’s often hard to know where to begin. The wide world of hedge funds, stocks, bonds, and crypto might seem too big to ever break into. But that is not the case. Titan is an investment company that we love for the simple fact that they make it easy. It takes about two minutes to create an account, link it to your bank, and begin investing. They even have an app for your mobile device to make things easier.
The beauty of Titan is that you don’t need to know what you’re doing. When you hand them your capital, they invest your money for you, which makes the whole process simple and streamlined. However, they don’t keep what they’re doing with your money a secret. You are able to see in real time how your investments are doing and where they’re going.
First Time Investors Take Notice
Your first investment must be $100 and you also must be based in the United States. They do not lock up your money, meaning, if you’d like to make withdrawals from your account, you may. However, it is strongly encouraged that you keep your money in the account for as long as you can in order to build your wealth steadily over time. By pulling out your money, you will have less available to invest, and thus less opportunity for growing your account even more.
One of the beauties of Titan is that there is no minimum to add to your account month by month. There are no fees either for investing or withdrawals. You might be wondering if Titan is completely free. Not quite. If you have $10,000 or more in your account, they charge 1% per year of your total amount. If your account is less than $10k, you’ll be charged a minimal $5 monthly fee. You get to decide how much you invest apart from your initial $100 investment. You can also roll over your retirement funds into Titan, either in full or in part. This includes accounts such as Roths, traditional or simple IRAs, and SEPs or 401(k)/403(b) accounts. Any money transferred or rolled over into a Titan account is ready immediately for investing in the market, while withdrawals from a Titan account takes between 2 to 4 business days to deposit into your bank.
Simplicity at its Best
For the investor who is just beginning, Titan is the perfect choice as there is no legwork for you to do and no rules for you to learn. Simply invest your money and watch it grow. Titan does all the work for you. Their business model is to bring their investors high returns over the long run by giving the average investor the same tools and strategies that have traditionally been only for the wealthy. But more than that, they want to teach their investors the game as well. You don’t merely invest your money never to see it again. No, with Titan, they allow you back-and-forth movement with your investment account and your bank, which teaches you how to grow yourself into a full-fledged investor on their platform.
To learn more about investing, closing the racial wealth gap, and growing generational wealth for Black and brown families, please visit Financial Joy School and become a part of our financial family.