Investing 101
understand your risk tolerance, determine your risk tolerance level. To help guide your investment decisions
Start with a diverse portfolio, invest in a diverse portfolio of assets
such as stocks, bonds and real estate. To minimize risk research investments
research potential investments to understand their potential risks and returns
Consider index funds. Consider investing in index funds, which track the performance of a specific market index as a low cost and low risk investment
option
monitor your investments regularly, review and adjust your investments as needed to ensure they align with your financial goals and risk tolerance
Think long term investing is a long term strategy, so don't panic during market fluctuations or make knee jerk decisions
avoid high fees, high investment fees can eat into your returns over time
So consider low cost investment options
seek professional advice. Consider working with a financial advisor to develop an investment plan tailored to your goals and financial situation