Want to start investing? Here are the first five steps to take.
Cover your expenses
Make sure your expenses and debts are manageable so you can comfortably pay them. Set aside enough money in your savings account to cover three to six months of expenses.
Make an investing plan. List your financial goals and how much time you have to reach them.
Determine how much risk you are comfortable taking.
Decide on the mix of investments you want to maintain in order to reach your goals.
Decide how much money
Determine how much money you will invest every month and make a commitment to follow-through.
Note: Always research before you invest. Base your decisions on facts, not emotions. Visit websites that offer investment information and news. Consider seeking guidance from investment professionals.
Always research investments before you buy.
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