Investing in Stocks as a Student in 2023 | Sheharyar Mukhtar
Sheharyar Mukhtar Sheharyar Mukhtar
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 Published On Feb 20, 2023

As an international student, you may want to save or invest money. So, either you are a student with 20 hours limit or someone on a work permit, I would suggest investing in Stocks.
There are many things that need to be clarified about stocks that you need a lot of money or experience to invest. There are no such things. All you need is vision and patience. You can start from even 5 dollars.
A few years back, you would need a broker to invest, and then you needed to pay that broker as well, but today you can start using apps like wealth simple, vanguard and many more.


Sheharyar is inviting you to join Wealthsimple. Get between $5 and $3,000 in cash to invest! Use this code B7WFFQ or the link below to sign up 🙌
https://my.wealthsimple.com/app/publi...




What is a broker?
A broker is an individual or firm that acts as an intermediary between an investor and a securities exchange. A broker can also refer to the role of a firm when it acts as an agent for a customer and charges the customer a commission for its services.

I am using the Wealth simple app; it is legal, and anybody with any status can invest using it; this is allowed and legal. All you need to do is install the app, create a TFSA (Tax-Free Saving Account) and start investing.
If you cannot buy a full stock, you can even buy a fraction based on your investment.

What is TFSA?
A Tax-Free Savings Account (TFSA) is a registered tax-advantaged savings account that can help you earn money tax-free. You can think of a TFSA like a basket where you can hold qualified investments that may generate interest, capital gains, and dividends tax-free.

You can trade in your currency and buy stocks of almost all companies, including all big companies. You can even trade in USD or buy USD stocks using the same app anywhere. (Conversion may vary).

What stocks to buy?
There is no hard and fast rule to buy stocks, but you can always check profit ratios online. Usually, I go with stocks with optimistic predictions over five years and offer a good dividend. Everyone recommends S and P 500; honestly, it is a good start as a starting level you want to avoid risking your investment.

What is S&P 500?
The Standard and Poor's 500, or simply the S&P 500, is a stock market index tracking the stock performance of 500 large companies listed on stock exchanges in the United States. It is one of the most commonly followed equity indices.
So if you buy one stock or even a fraction of S and P stock, you invest in 500 companies at a time.

Lastly, 90% of the stocks always go up, If you ponder over the graph, the line may recede for the time being, but if you plot it on the time axis, it always goes up, so if you invest something, be patient and try to invest for the long term. Don't open the app daily to see progress. That's why it is recommended to invest that money in stocks in which you have extra, not the amount you need next month or year.

You can even use my referral, and we can get up to $3000 in cash to trade stocks or crypto when they fund a DIY trading account.

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