This is crucial. Investments carry varying degrees of risk, and your risk tolerance will determine the types of investments that are suitable for you.
What are you hoping to achieve through investing? Are you saving for retirement, a down payment on a house, or a child's education? Having clear goals will help you choose the right investment
The power of compound interest is a powerful force. The sooner you start investing, the more time your money has to grow.
A diversified portfolio will be less susceptible to market fluctuations in any one sector.
Before investing in anything, take the time to understand it. Research the company, the investment product, and the associated fees. Don't be afraid to ask questions and seek professional advice if needed.
The market has its ups and downs. Don't panic and sell your investments during a downturn.
(This web story is meant for informational purposes only and must not be considered a substitute for advice provided by qualified professionals.)