You need to invest your money. It simply doesn't make sense not to. Even if you only invest 5% of your money, it would still be worth it. This is your investing for beginners 101 guide, updated for 2019. We explain the basics of simple investing and aim to inspire the proper mindset you need to succeed.
Your portfolio reflects your long-term wealth building investment strategy – not the short term. It includes everything you own. Your retirement accounts, your investment accounts, even your home are types of investments.
Diversification is a way to describe owning multiple types of investment assets. Diversification is smart because you both protect yourself from failure and position yourself to take advantage of multiple robust methods for building wealth.
The biggest misconception about investing is that it's reserved for the rich. That might've been true to some extent 10 years ago. But that barrier to entry is gone today, knocked down by companies and services that have made it their mission to make investment options available for everyone, including beginners and those who have just small amounts of money to put to work.