While each investor might have their own approach to investing, there are some best practices that make sense most, especially for those new to the investing game.
It’s up to individual investors to decide which rules make the most sense for them, based on their own investment goals, risk tolerance, and time horizon.
You may want to consider keeping your emergency fund in a safe, liquid account, such as a high-yield savings account or a money market account.
If you have access to a workplace retirement account and your employer provides a match, contribute at least enough to get your full employer match.
If you have access to a workplace retirement account and your employer provides a match, contribute at least enough to get your full employer match.
This strategy aims to ensure that when some investments go down, others go up, creating a balance that limits losses.
One of the easiest ways to build up an investment account is by automatically contributing a certain amount to the account at regular intervals over time.