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New (ish) to investing. Me too, even though I’ve had a brokerage account for over 5 years, but if you’re also new to investing, im going to share what I’ve learned (mistakes to avoid). A lot of what you see online can be confusing and stressful to follow and understand, so if you’re new ish too, this is what so far has worked for me (and what has not worked) in plain English. If i can do it, anyone can!

Disclaimer: I am not a lawyer or financial advisor/ professional. Just sharing what has been working for me and for others I know….(read more)

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Investing can seem like a daunting and complex task, especially for those who are new to the concept. But fear not, because with a little guidance and knowledge, anyone can become a savvy investor. Here is a simple investing 101 guide for beginners who are feeling lost or confused.

The first step in investing is to set clear financial goals. Whether you are saving for retirement, a new car, or a dream vacation, having a specific goal in mind can help you determine how much you need to invest and for how long. It is also important to consider your risk tolerance, which is how comfortable you are with the possibility of losing some of your investment in exchange for potentially higher returns.

Once you have set your goals and determined your risk tolerance, the next step is to start saving and investing. One of the easiest ways to invest is through a retirement account like a 401(k) or an individual retirement account (IRA). These accounts offer tax advantages and can help you grow your money over time. If your employer offers a 401(k) matching program, be sure to take advantage of it as it is essentially free money.

Another simple way to start investing is through index funds or exchange-traded funds (ETFs). These funds pool together money from multiple investors to buy a diversified portfolio of stocks or bonds. They are a great option for beginners because they offer instant diversification and are typically low-cost.

It is important to do your research and understand what you are investing in. Start by learning the basics of investing, such as the difference between stocks and bonds, how to read financial statements, and how to evaluate the performance of an investment. There are plenty of resources available online, including investing websites, books, and podcasts.

Lastly, it is important to stay patient and be disciplined with your investments. The stock market can be volatile, and it is normal for your investments to go up and down in value. Stick to your investment plan and avoid making impulsive decisions based on short-term market fluctuations.

In conclusion, investing doesn’t have to be complicated or intimidating. By setting clear goals, understanding your risk tolerance, starting to save and invest, educating yourself, and staying disciplined, anyone can become a successful investor. So don’t be afraid to take the plunge and start building your wealth today.