Entering the New Year With No Investments? Start With These Moves

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Investing is a key way to grow yourwealth.

If you dont currently have any investment accounts, you might feel a bit intimidated by it.

This makes sense, as theres a lot to learn.

You dont want to put your hard-earned money just anywhere, so start small and work your way up.

Theres plenty of ways to gradually step into investing that dont require a lot of money or risk.

Many companies offer to match your retirement plan contributions up to a certain percentage.

This is one of the easiest and most effective ways to start investing, Blakeman said.

If your employer offers a match onretirement plan contributions, take advantage of it, he said.

Employer matches are essentially free money, providing an instant 100% return on your contributions.

Buying your first investment can be an empowering experience, Blakeman explained.

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Exchange Traded Funds (ETFs) are anexcellent starting point, because they offer easy diversification.

You dont even need to risk your money with a hefty initial investment.

I recommend starting with a low-cost, well-diversified ETF that pays a quarterly dividend, he said.

There are many to choose from nowadays, he said.

Buy a broadly diversified stock index fund like VTI, Vanguard Total Stock Market Index.

Be sure to only invest funds you do not need for at least 10 years,Telibasa said.

Getting started with investing can feel intimidating.