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Getting started withinvesting can seem overwhelming.
Fortunately, thats not the case.
CDs are typically sold for periods ranging from a few months to several years.
Once the determined period ends, you get your money back with interest.
You choose a percentage to allocate to the account and it gets automatically deducted from your pay each month.
In some cases, employers will also provide a percentage match up to a certain amount.
This way, youll grow your money and secure afinancially sound retirementwithout even thinking about it.
Savings bonds provide diversification and are a risk-free way to get a return on your investment.
Investing in ETFs and Index Funds
ETFs and index fundsprovide diversification and mitigate investment risk.
This can shield you from major losses and market swings since your money will be spread across various companies.
This can help you invest in high-value companies without using too much cash all at once.
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