In trying to make their money work harder for them, investors often
fall for questionable investment strategies that promise to help you get
rich quick but usually deliver huge losses. But the smartest ways to
reach your money goals don't require you to deal with arcane,
hard-to-understand financial products. By following these three simple
investment strategies, you can get the long-term results you want
without the risk you'll find with more aggressive and dubious
alternatives.
1. Dollar-cost averaging.
Few investors have
huge pots of money to invest all at once, but most people are able to
set aside at least a modest amount of money every month. Dollar-cost averaging
involves taking that money and investing it in a mix of low-cost index
mutual funds or ETFs. The exact mix depends on your tolerance for risk,
your time horizon, and the amount you have to save, but by putting aside
the same amount month in and month out, you'll build a habit of saving
and investing. (more)
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