Learning more about how to efficiently manage your money can even help ease financial anxieties and stress.
The good news, it’s easier than you might think.
Give me the investing 101.
But…why bother?
Why not stash your money in a savings account and call it a day?
Another force at play is inflation.
Inflation is the rate by which the purchasing power of money changes over time.
“The key to financial stability is financial literacy.
Risk and reward.
Investing 101 ultimately boils down to a conversation about risk versus reward.
But taking the risk when it comes to investing allows the chance forreward.
So, how to get started?
Let’s debunk the myth that you need some miracle inheritance so you can start investing.
Compounding interest is what happens when you reinvest your earnings and earn dividends on your dividends.
Dividends are the distribution of profits by a corporation to its shareholders.
Think of it as a snowball that grows bigger and faster as it rolls its way down a mountain.
But what does getting startedactuallylook like?
when you’ve got funds ready to invest, there are a variety of ways to dive in.
For those who are comfortable picking their own investments, a self-directed investing account might be a good choice.
“Don’t be afraid to lean into professional expertise as you’re learning,” says Gellene.
“Advisors are there to help and can provide personalized advice and guidance unique to your specific needs.”
The big picture: Investing and your future goals.
So, how does investing fit into your overall financial picture?
Keep it simple.
And with the right resources, it doesn’t have to be complicated.
To learn more about the educational tools and resources to begin your investing journey, visithttps://www.merrilledge.com/.
Learn more and see important disclosures aboutPreferred Rewards, banking withBank of America,and investing withMerrill.
