A mere three weeks ago, the stock market and GameStop were trending wildly on all our platforms and channels. People who hadn’t given the stock market a second thought now wanted to understand what was going on and how it worked. There have been several great explanations on the topic, so I won’t pretend to be an expert by repeating plagiarized details here. You can have a listen on a great explanation here. My take is that what happened with GameStop was a phenomenon, driven by Zoomers and maybe some Millenials who rallied together on reddit to buy the stock. The more people who buy a stock, the higher the value. Elon Musk helped drive up the price by tweeting the reddit link to the thread on the subject. It was probably driven by a lot of nostalgia for the store from this generation, which is why it would be difficult to get that many people on the same page again to repeat it. Still, I was happy with the interest in the stock market and think that it would be a great time for anyone to participate, even for the purpose of adding savings for your kids. Even if your shares are unlikely to grow to the proportions the GameStop stock did, there are many long term gains to be made. Though volatile, the stock market will still give you more interest than any traditional savings account. Of course you probably shouldn’t go out and buy a 300.00 stock as a newbie.

Many people are intimidated by the thought of investing because they think they need a lot of money to get started. You can start with as little as five dollars a week and in the age of technology there are many apps that make investing simple for newbies. For longterm gains, I personally use AmeriTrade but for every day trading I really enjoy Sofi. Sofi has some features that make it easy for everyone to invest and when you sign up through a referral link, they give you $25.00 in stock. Sofi also has a wealth of user friendly articles on finance and a newsletter with helpful information on the subjects. For busy moms that don’t get a lot of time to ourselves alone with our devices or screens, that makes staying up to date effortless. There is also of course the referral perk. When you sign up through a referral link, Sofi gives you the twenty-five dollars to invest, which I mentioned and for every person that signs up through your own link, you’ll make an additional 50.00. If you’d like to sign up, you can use my link here for your free stock.