Learn more about moneyandinvestments with this collection
Understanding the basics of cryptocurrency
How to store cryptocurrency securely
Risks and benefits of investing in cryptocurrency
6 ideal investments for beginners
- If you have a 401(k) or another retirement plan at work, it’s very likely the first place you should put your money— especially if your company matches a portion of your contributions.
- A robo-advisor. These services manage your investments for you using computer algorithms and typically costs 0.25% to 0.50% of your account balance per year.
- Target-date mutual funds often hold a mix of stocks and bonds and automatically invest with your estimated retirement year in mind.
- Index funds are like mutual funds on autopilot: Rather than employing a professional manager to build and maintain the fund’s portfolio of investments, index funds track a market index.
- Exchange-traded funds. ETFs operate in similar ways as index funds: The main difference between ETFs and index funds is that rather than carrying a minimum investment, ETFs are traded throughout the day and investors buy them for a share price, which like a stock price, can fluctuate.
- Investment apps like Acorns or Stash.
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Week 6: Start Investing
Invest in index funds not individual stocks. Put your own behavioral psychology to work here. Invest automatically and over long periods of time.
Once you’ve covered the basics (aka index funds), allocate 5-7% of your income to “mental outlets.” This is money for you to inv...
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