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. Here is the step for beginners on how to invest money.
The first step you need to take before investing your money is setting some basic financial goals. 1. Paying off debt 2. Saving for a car 3. Preparing to buy a house
it’s time to decide how involved you want to be in the investing process. Here are three options. 1. Active Investor 2. Passive Investor 3. Robo-Advisor Investor
In general, you have a few different asset classes to choose from, which include: 1. Stocks or equity 2. Bonds 3. Real estate
it’s time to choose a broker. If you decided to be a passive investor of index funds or ETFs, choosing an online broker that offers a wide selection of low-cost fund options would be wise.
At this point, you’ve done most of the important legwork to start investing your money! Even if you have a little money to invest right now, you can get started today with only $100.