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One of the most notorious stock market investments is the S&P 500.
Its made up of index and mutual funds that represent the 500 largest companies in the U.S.
While it might be easier to do this, youre not helping your financial situation.
Getting started with investing might seem overwhelming, but it doesnt have to be.
If youre budgeting, here are five important things to consider before you get going investing your money.
Evaluate Your Risk Tolerance
Everyone has a different risk tolerance when it comes to investing their money.
However, if youre older and youre approaching retirement age, its advisable to stick to more conservative investments.
Be sure to carefully consider your risk tolerance before you jump in dumping your money into the market.
Diversify Your Investment Portfolio To Mitigate Risk
Diversification is key to hedge financial risk when investing.
Create an Investment Plan
Like anything else in life, planning is crucial for success.
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