Who here tried investing?

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asked Oct 25, 2022 in Internet by Pixarko (120 points)

Has anyone here tried investing? How hard is it to do all this if I'm a beginner?

1 Answer

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answered Nov 27, 2022 by Salmorejo (41,600 points)
I've tried investing and it can be hard if you're a beginner.

However once you get used to it then investing can be easy.

Start investing as early as possible.
Decide how much to invest.
Open an investment account.
Pick an investment strategy.
Understand your investment options.

Buy the right investment.
Avoid individual stocks if you're a beginner.
Create a diversified portfolio.
Be prepared for a downturn.
Try a simulator before investing real money.
Stay committed to your long-term portfolio.
Start now.
Avoid short-term trading.

The easiest investments for beginners are.

High-yield savings accounts. This can be one of the simplest ways to boost the return on your money above what you're earning in a typical checking account.
Certificates of deposit (CDs)
401(k) or another workplace retirement plan.
Mutual funds.
ETFs.
Individual stocks.

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