How to Get Started Investing in the Stock Market

Video Transcript

"Hi, everyone. This is Chris Markowski, President of Markowski Investments and host of the nationally syndicated Watchdog on Wall Street radio show, here...here to tell you how to go about getting started with investing. Well, there's an old saying: the earlier you start to save, the earlier you start to invest, well, the less you have to save, and it's true. You know, there's never a bad time to get started in anything, whether it be well, you want to start some weight loss program, well, you can wait and you can wait. When's the best time to start? Quit smoking? When's the best time to start providing for your future? Immediately! One of the eighth wonders of the world, do you know what that is? Compounding. Albert Einstein said it himself: compounding interest. You let little gains compound over a long period of time, you're going to have all the money that you're ever going to want, but you need to get started. Obviously, you have to take, say, your age, and all sorts of various different things into consideration when you're buying and selling. But believe it or not, I'm actually a believer -- and this is completely against conventional wisdom -- even when you're younger, especially in those 401k plans, you need to stay conservative. We have on our website, something called a compounding calculator. A compounding calculator will show you what a certain compounding interest and a certain amount of money will amount to over a period of time. So if you just see a small return in your 401k -- six, seven, eight percent over a long period of time, you are going to be very, very wealthy in 20 to 30 years. So why speculate? Why gamble? Why follow the conventional wisdom that, "Ah, I've got 30 years. I can take fliers on things." No, be very prudent with your investing and do the right thing. This is Chris Markowski, your watchdog on Wall Street."