Andrew Marshall Financial, LLC
With an early love of finance and years of personal investment experience and success, it was while working for a biotech company that Andrew Marshall expanded his interests into retirement plans and more complex personal finance concepts. While searching for good financial advice, he realized how difficult it was to obtain correct, unbiased information and how others must be in a similar situation. This discovery, and the passion to provide effective and trustworthy financial advice, was the driving force behind starting Andrew Marshall Financial, LLC.
Andrew's research into the best places to work in financial services led him to join the Garrett Planning Network. He fully supports its mission of making competent, objective financial advice accessible. Andrew has completed the certificate program at the University of California, Irvine in Personal Financial Planning. He started his own Registered Investment Adviser firm in the State of California, Andrew Marshall Financial, LLC., so he can be fully independent and give his clients uncompromised advice.
Andrew Marshall attended the University of Kansas on a swimming scholarship, earning a Bachelor’s degree in Cell Biology and a Master’s degree in Molecular Genetics. He has lived in Leucadia, California for nearly twenty years.
Andrew is a financial planner who loves working closely with people to develop personalized solutions in order to meet their financial goals and truly make a difference in their lives. Coming from a scientific background has enhanced his financial skills, teaching him the value of scientific proof and how to review evidence before drawing conclusions.
MA, Molecular Genetics, University of Kansas
There are some companies trying to make the financial services industry easier and more cost efficient for customers to use. They are called "FinTech" companies and one of those companies that does stock trading without commissions is called Robinhood. There is a Robinhood app, and you and can learn more about them on their website.
With Robinhood, you can buy and sell stocks without paying the $7 - $10 commissions charged by other brokers. They have no account minimums to open an account. You can purchase as little as one share of a company. It is designed as an easy way to get started with investing.
You can try Charles Schwab International. Their website is here:
Click on the orange "Open An Account" link. You will have to talk with them on the phone. If it is possible to open an account while living in Mozambique, then they will be able to help you. Best of luck in your investments.
Contrary to some of the other answers, I would say you should not start investing until you have reached a certain level of knowledge. Starting early is not necessarily the most important thing. You could quickly lose your investment if you jump in too early without knowing what you are doing and make some mistakes.
Also contrary to another answer, you should open a brokerage account, not a Roth IRA. If you open a Roth IRA, you cannot use the money until you are age 59.5 without a penalty. I am assuming you will want to spend some of your earnings on college tuition, a car, or some other goals that you have between now and age 59.5. You can open a brokerage account if you are age 18 or more. If you are not yet age 18, you can save your money until then and continue learning about investing.
One of the main decisions you need to make before investing is what strategy you are going to use. There are lots of articles on Investopedia about Strategic investing and Tactical investing. Also, read about and decide on index investing versus individual stocks, or a combination. Finally, I would recommend some reading about technical analysis and see if that interests you.
Best of luck.
It is usually not good news if a company you own stock in files for Chapter 11 bankruptcy. The fact is that common shareholders are the last in line to collect anything that is left from a bankrupt business. Common shareholders like yourself come after bond holders and preferred shareholders. Here is a link to a Motley Fool article that does a good job describing things:
There is a chance that the company will get things together and become listed on the stock exchange again, but its very unlikely that your original shares will still be worth something.
Your long term investment portfolio should not have any Inverse ETFs in it. There are specific reasons inverse ETFs exist and should be used for timely hedging, but they should NOT be held for the long term. The components of the ETF are usually futures contracts which expire every month. Repurchasing these contracts by the ETF issuer is costly and that cost is passed thru to the shareholders. Over the long term, the stock market rises so being short (inverse) is not the right position to be in.
The Brexit event would be a good example of a time when using an inverse ETF may be appropriate. To hedge your long exposure while awaiting the Brexit results, you could have owned some inverse ETFs and then sold it after hearing the result and seeing that the markets were heading higher. This is an active strategy, but could be beneficial if used appropriately. Also it is for advanced, experienced investors who understand stop losses and risk control.