8 investing tips that every beginner investor SHOULD follow?
TIP #1 - Take Advantage of 401(K)
Use this tax advantage plan offered by your employer for your retirement days.
TIP #2 - Cash On your Tax Efficient Accounts!
For beginner investors, it's crucial to hold your investments in accounts like IRA's as it will be tax-free!
TIP #3 - Go for Long Term Investment
The market is prone to fluctuations. Long-term investment will save you from short-term volatility.
TIP #4 - Dollar-Cost Averaging
Through this strategy, you can treat market decline as a positive.
TIP #5 - Diversification & Rebalancing
Spread your investments into several assets, markets, & economies.
TIP #6 - Try to Keep Fees Low!
As a beginner investor, you must choose platforms with a 0% commission charge.
TIP #7 - Let's go with Index Funds
It's a passive investment that gives you the freedom to go for other investment strategies as well.
TIP #8 - Start NOW!!
If you want to plan your future it begins with investing this very second. Choice is yours!
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