After earning a degree in business management and economics from Kingston Business School in London, Bradley Hamilton embarked upon a finance career. Now senior wealth manager at Blacktower, LLC, in New York City, Bradley Hamilton manages assets for more than 80 clients.
When it comes to wealth and asset management, investing in stocks offers a means to increase and diversify portfolios. Investors who have some knowledge of the stock market can opt for a hands-on approach. Novice investors, on the other hand, have a range of options, including robo-advisors, which are digital platforms that offer advice based on algorithms.
After deciding on an approach, investors can start an investment account. Investors who like to do things on their own can open a brokerage account, a financial account that one can start at an investment firm.
Next, investors should determine what they want to invest in. Mutual funds allow them to buy many different stocks in small quantities in one transaction. Exchange-traded funds and index funds offer stocks based on an index, such as the Standard & Poor’s 500. One also can opt to invest in individual stocks of companies. Once these decisions are made, an investor should set a budget before investing.