You might think you’d have to get on a plane to meet the guy who made your life easier.
But it’s a much more complicated task than you think.
Here are the steps needed to make your next investment a success.
Find an existing companyThe first step is finding an existing business to invest in.
It’s important to find a good fit.
A great way to find one is by reading their pitch, but if you want to take the plunge, you’ll need to go to the company’s website.
Make sure you read the contract before signing on, or the deal may be a scam.
For the most part, a startup will look after its founders, but you’ll have to trust the company to make sure the business is properly run.
Some companies may offer a short-term loan, while others will charge you interest over time.
Once you’ve found a good business, you can look at its website and see if you’re comfortable with the terms of the deal.
Make an appointment with the CEO to get in touch.
Find the right investorsYou’ll want to be sure you’re in a position to buy the stock at the right time, as there are no guarantees.
If you’re looking for a long-term investment, you might be better off picking a short term option.
For example, you may want to buy a stake in a company that’s expected to go public in the next few years.
You’ll want a short position.
To buy a share, you need to register at a stock exchange or a crowdfunding site.
Some online platforms require you to set up an account, which is why it’s important that you’re a registered user.
This will give you the opportunity to find the right investor.
Find out the priceStep 4.
Look at the companyThe price of the stock will depend on the value of the company, as well as the length of the contract.
If the contract is short, the stock may be cheap and you’ll get more bang for your buck.
If it’s long, you’re likely to get a better return on your investment, and it may be worth a higher price.
For instance, if a company’s stock is trading at $30, it could be worth $200.
This may not sound like a lot, but the total investment could be much more than that.
If you find a company to invest, make sure you buy into it for at least three years, otherwise you’ll be left with a very expensive lump sum that may not be enough to cover your expenses.
Get a contract signedStep 6.
Track the companyThere are some good sites to get started, such as Tradespotting.com.
These sites will allow you to track your own stock, and they will provide a spreadsheet of your investment.
To start tracking your investments, go to any of the platforms listed above, and enter your stock in the ‘Investment Data’ field.
You can also access the spreadsheet by searching for ‘stock prices’ on any of those platforms.
Watch the stock priceThe more time you invest, the more you’ll know the market value of your investments.
If, for instance, you invested $50,000 in a $30 stock and sold it for $50 a year later, the market cap will be $1.5 million.
You should also be aware that, unlike a mutual fund, your stock portfolio may not stay with you for long.
You may have to sell your shares when the market price falls or you may need to sell them when the stock rises.
If it’s too much to handle, it’s time to consider a stock diversification strategy.
A stock that is cheap at the beginning of the year, but becomes more expensive as it’s going up, for example, can be a good investment to have if you have to start investing more frequently.
This strategy may also help you make a long term investment, but it’s not a good option if you plan on investing more often.
Pay the upfront feesStep 9.
Make your initial investmentYour first step may seem obvious, but there’s another option if it doesn’t sound like it.
If a stock has a short contract, you could put in a small investment at the start of the investment and then sell the stock as the market rises.
This way, you won’t have to pay the upfront fee.
If your initial investments aren’t enough to get you into the market, it may take longer for your first investment to go up.
This could mean a number of things, but usually means the stock has to sell before the market recovers.
Adjust your expectationsStep 11.
Keep an eye on the stockAs the price of a stock rises, you will see the stock go up, and you may be able to buy it more cheaply, or sell it more quickly.
If things are looking good, you should sell, and if things look