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Investingcan be a challenging concept for beginners.
But deciding what assets to invest in, how to manage risk and other issues can be difficult.
The good news is that youre not alone.
In fact, your bank may be able to help.
Also seefive tips from self-made millionaires to simplify your investment portfolio.
Your local bank likely provides a laundry list of financial tools that can help improve your investment outcomes.
For example,digital budgeting toolshelp you track your spending.
Some banks also offer acomplete financial overview.
This can improve your investment outcomes in a few ways.
Theres also the psychological value in being able to see your net worth.
After all, if you make wise investment decisions, your net worth will rise.
As you watch this, it could be the encouragement you oughta achieve your long-term investment goals.
Investment advisory services are typically offered through robo-advisors or human advisors.
That can be one of the most difficult parts of investing, butinvestment advisory servicescan help.
Low-Risk Investments
Your bank can also help by offeringlow-risk investment vehiclesfor the safe-haven side of your portfolio.
Here aresome low-risk investment vehiclesyou may find at your local bank.
But its also important to maintain a comfortable balance between risk and reward.
Thats where assets like CDs, money market accounts and high-yield savings accounts come in.
These accounts offer exposure to cash but typically come with stronger returns thantraditional savings accounts.
