When you trade, it can feel lonely and intimidating. But investing becomes so much more fun when you can do it with friends and host friendly competitions!
Among Americans, 56% own stock market investments, and that’s down from 60% ownership in 2008, before the crash. Investing in stocks and making your money earn money for you is an ideal way to build your wealth.
Zoe Barry is the founder of Zingeroo, a retail business platform designed to make friendly competition a key pillar of its value proposition. Zoe encourages those who are interested in investing to do their research and take the plunge on her interactive investment platform.
Inspired by the fantasy sports style interface, this trading platform allows friends to compete in daily and weekly competitions. The idea came about when Zoe and her siblings discussed their investments and compared performances. He realized that he could compete with online betting and fantasy teams with sports, so why not with real investments in companies?
Zoe found it ideal to make the stock market less intimidating for those who want to enter. There are 73 million Americans who bet on sports games each year, more than the number of investors. He wanted more Americans to invest their money instead of gambling, and a new trading user interface could be the key to that.
Zingeroo is not just a new investment platform; They have created a community. It’s a place where you can connect with friends, discuss investment strategies, and host friendly competitions, all while investing and building wealth for yourself.
Zoe has tips for those who want to enter the market and shares them with you:
1. Assess your current financial situation
The first step is to assess your financial situation. Ask yourself if you are able to start investing your money. Do you have a debt that you must pay first? Do you have extra money that you can set aside and invest? If not, take steps to fix your financial situation. If so, you can continue.
2. What you can do to start creating wealth
Create financial goals for yourself. Understand what you want to get out of investing in the stock market. Make your goals specific and measurable and, above all, realistic. Investing should be more of a long-term game and understand that no one can accurately predict the markets. You never know what’s going to happen until it does.
3. Do your research and homework
Don’t jump into investing blindly, or you could lose everything. Do your research, understand how the stock market works, and know what you stand to gain or lose by investing.
4. Professional investment advisor
You can seek help if you want to be more serious about investing. Professional investment advisors have a lot of training and experience to help their clients, and if you choose a reputable advisor, they may be able to help you increase your wealth.
5. Zingeroo is a community
Joining a community of friends and potential friends who have the same interests as you can help increase your investment enthusiasm and involvement. It can keep the topic more engaging and keep you interested in the long run.
The bottom line is that investing can be exciting when you get ahead, but be warned: Doing your research and understanding how the stock market works will keep you ahead of the game. Do not invest in any risk product without understanding that you can lose that investment.
Article Credits: Metaknet