Try investing
If you can't save a good chunk of your paycheck every month, investing once now can help you start saving in the long run.
A favorite investing platform is Betterment, where your money will be automatically invested in index funds. Betterment's fee is a straightforward 0.25 percent of your total portfolio.
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Active vs Passive Investing
Active investing strategies means picking your own stocks and building and managing a portfolio. It's hard and few people do it well.
Passive investing strategies mean investing in an index. When indexing, most people like to invest the same dollar amount ...
How to Approach Investing
- Pay attention to the fees you pay in your funds, also called expense ratios, as they can eat into your returns. It’s generally recommended to stick with low-cost index funds.
- Rebalance your portfolio once a year. You need to take a look at your brokerage account every o...
Automating For Better Personal Finances
- Saving: automatically transfer every month from your income into a savings account.
- Investing: do “dollar-cost averaging” if you’re familiar with the cave eats of trading stocks, ETFs, bonds or mutual funds. It consists of a stock trading account set to automatically b...
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