7 Simple steps to start your investing journey
Are you new to investing? Don’t worry! With the right guidance, you can take those initial steps toward financial growth and security.
Here are the 7 steps to get you started:
Figure out your investing goals: Determine what you want to achieve through investing, when you need or want to achieve it, and your comfort level with risk for each goal.
Decide how hands-on you want to be: Choose whether you want to manage your investments yourself or work with a service that does it for you.
Choose your investment account: Pick an investment account that aligns with your goals and investment style.
Open your account: Once you’ve chosen an investment account, open it and fund it.
Choose investments that match your risk tolerance: Select investments that align with your goals and risk tolerance.
Set a budget: Determine how much you can afford to invest and how often you want to invest.
Focus on the long-term: Investing is a long-term game, so focus on your long-term goals and avoid making impulsive decisions based on short-term market fluctuations.
How did your investing experience start? What triggered you?