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But as the saying goes, the longest journey begins with a single step.
The question many have is, what should that first step be?
Open a Retirement Account
ONeal sees retirement accounts as the foundation of any financial plan.
Retirement accounts are meant for long-term investing.
Over time, compound interest can do remarkable things, multiplying your account value beyond what you might imagine.
Blue-chip stocks are leaders in their industries withlong-term track records, consistent dividend payments and multi-billion-dollar market capitalizations.
In other words, they arent speculative, fly-by-night companies that boom and bust.
Some of the blue-chip stocks ONeal recommends include Oracle, Costco, Wells Fargo and JPMorgan Chase.
Robo-advisors use algorithms to determine an appropriate portfolio of ETFs based on an investorsself-reported objectives and risk tolerance.
Some of the robo-advisors endorsed by ONeal include M1 Finance, Betterment, Wealthfront and Merrill Guided.
Ultimately, its your investment strategy that determines most of your success, not correctly timing the market.
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