How to start investing in stocks with little or no experience

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Investing for the first time can be downright intimidating. But allowing fear to stop you from investing can be a big mistake. By investing early, you give your money time to grow. Here's how you can get started.

It can bring up a whole host of nerve racking questions: Is it too risky? Is now the right time to invest?But allowing fear to stop you from investing can be a big mistake. In fact, the sooner you begin investing, the better off your financial future will be. Why? By investing early, you give your money time to grow. After all, it's not about timing the market to get rich quick, but rather your time in the market and allowing your investments to compound.

SoFi, Ally Invest and Schwab are some examples of places you can open a retirement account. If you're saving for something other than retirement or need access to your money more quickly, you can opt for a taxable brokerage account, with a company like Fidelity, TD Ameritrade or Vanguard, instead. That means you'll have to pay taxes on any investment income within the account. This can include selling a stock or when your cash balance earns interest.

 

Vielen Dank für Ihren Kommentar.Ihr Kommentar wird nach Prüfung veröffentlicht.

I guess the 'Reddit buying silver' BS didn't work so well did it? Now CNN tries to stop people from playing the same game as their Hedge Funds sugar daddies.

I dint know about this, it all out in open.

Pro Tip: don't take advice from CNN.

Yes. Invest. Read someone who actually knows wtf they’re talking about

I’m more likely to consider advice directly from one of the hedge funds got screwed over than I am cnn. nothanks

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