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Savvy, long-term investments enable your money to grow as well as hedge against inevitable inflation.
When youre new to investing, it can all feel rather daunting.
How do youget started investing if you cant afford to hire an expert to help you?
Every brokerage has different support and education resources.
There are also plenty of online tools and platforms that can help educate you.
Understanding basic financial concepts such as compound interest, diversification and risk tolerance will help you make informed decisions.
Its smart to start small, particularly if youre new to investing.
This is a great way to dip your toes into the investment world without needing thousands upfront.
These index funds are widely available and havevery low expense ratios.
The idea behind index investing is: If you cant beat em, join em.
Investors simply cant afford to make oversized bets on individual securities.
When they experience failure, they withdraw from the equity markets.
Remember that this all takes some time and practice.
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