Have you heard the news?
Many trading platforms are going commission-free! And it could not be a better time to get involved with the stock market.
Why do I say that the timing could not be better?
Simple: Because of the era that we live in.
We live in a time of opportunity. Recently, I was selected by YouTube to be apart of their “Next Up” program, and was able to join them out in an all-expense paid experience in California. Throughout the week, we dove into how to create better and appeal to audiences better.
I was amongst some of the cream of the crop in the YouTube world – these creators had over 1 million subscribers!
And I could not help thinking to myself, “What a time to be alive! This is the time of opportunity”.
We can LITERALLY create our OWN TV channel. We can cut the camera on, and build our own channel and run our own commercials during it – and big companies now want to sponsor you!
Even this blog post, and my podcast – we are creating a platform with our own voice without needed to go to the big companies to be on the radio or newspaper.
And this is only making things easier to get our message out to the world and be content creators.
What does this have to do with commission-free trades?
Think about the evolution of the stock market.
Back when your great-great grandpa around, that generation had a lot of hurdles to face when getting involved in the stock market.
First of all, they had to be wealthy.
Secondly, they had to have a physical, actual, in-real life stock broker. You would need to contact them – actually visit them in-person in an office – in order to fulfill and execute your trades.
These elements could have stopped your predecessors from getting involved with finance and the stock market.
As you move forward in history, we arrive to your parents’ generation and guess what? The internet emerges.
The internet changed the GAME.
Now you have online brokers, and can actually trade online. You don’t need a car or an in-person broker – you can literally execute your trade from home.
There was no longer any “class” or discrimination of who could trade.
BUT your parents may have still refrained from getting started – computers were new, the internet was new. Maybe they found it confusing, hard to navigate, or hard to trust.
The commission and fees also may have been too high, and information about how to trade to scarce.
Time forges on.
Now we enter a newer era – the era of YouTube and knowledge right at your finger tips.
This allows for educators – like myself – to share knowledge about the stock market and trading. Live stream case studies and show you how it’s done!
This removes the excuse from not having access to the knowledge.
Now – again – we move forward in time.
Online brokerage companies start to emerge that are commission-free. Robinhood was amongst the first to do so.
This changes the game AGAIN.
People who have never even thought about trading before now start to open accounts with brokerage companies like Robinhood.
This movement started to allow the masses to get involved with the stock market.
To review the stock market history:
You used to need to be wealthy and have an in-person broker, who was likely very costly, to trade in the stock market.
There were barriers – financial status, knowledge, time, and commissions.
Most of those barriers have been broken in the time of the internet.
Now they have broken that last barrier – commission fees.
NOW, in your era – and in my era – you can be anyone, with any financial history, and trade online without commissions.
So guess who has started to follow in the commission-free footsteps of Robinhood?
TD Ameritrade! Charles Schwab! Fidelity!
A lot of the big boy platforms have demolished their commission fees.
What does that mean to you?
Before, you had limited choices with your brokerage account if you wanted to be commission-free. Robinhood has a lot of benefits, but also may have some downsides to it, too, like not having access to all of the different exchanges.
NOW you are getting access to the best tools AND it is commission-free.
What is each platform’s unique selling proposition?
Right now, Robinhood gives you a free stock for joining it. You are almost getting paid to join.
All of the excuses of why people aren’t getting started to trade in the stock market are being DEMOLISHED.
There has never been a better time to get involved in the stock market:
-You have access to the internet
-You have access to knowledge
-You can get a FREE stock just to join and get in the game
As I reflect back on…
…the power to create, such as at the YouTube summit I mentioned earlier, I am realizing what a great time it is to be an entrepreneur.
And what a great time to be alive and be involved in the stock market.
Think about this: Imagine yourself in the future, having NOT taken advantage of the time we live in now. You do not have a legacy to pass on to your kids or invest in your family’s future.
Even though – you lived in the era where you could be apart of the internet craze and the commission-free history of the stock market. The time of the stock market when it was the easiest it has ever been to get involved.
Can you imagine – you would have no real excuse of why you didn’t get involved?
If you feel a little nudge from this blog post and podcast – YES, I AM NUDGING YOU TO GET INVOLVED.
It is a great time to be alive and be involved in the stock market.
If you haven’t gotten started yet, I want you to think about why. Even if the first step is just opening a practice trading account. Even if it is just getting your first free stock.
There has never been a better time or lower risk time to start.
So what are you waiting for?
Resources:
How to get your first free stock with Robinhood – click here
How to open your TD Ameritrade practice account – click here
Watch this episode and many others live on YouTube – click here