How to Invest Money: A Beginner’s Guide
Investing is necessary to hit nearly every financial goal imaginable, including retirement.
Some people are scared of investing, but what you should really be afraid of is the consequence of not investing. There is a huge opportunity cost to sitting on the sideline.
The first step you need to take before investing your money is setting some basic financial goals.
Set Your Financial Goals
Once your goals are set and you have a clear idea of how much you want to invest, it’s time to decide how involved you want to be in the investing process.
Determine Your Involvement Level
Once you’ve decided on your investment style, it’s time to choose how you want to invest.
Pick an Asset Class and Investment Vehicle
Next, it’s time to choose where you want to invest. In other words, it’s time to choose a broker.
Choose Where You Want to Invest
Even if you have a little money to invest right now, you can get started today with only $100.
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