Jason Crowley, Ross Garcia, and other top financial professionals shared their top investment tips for beginners in Forbes.
Here’s what Jason and Ross had to say on the subject:
Keep It Simple. With all the investment options, it’s easy to end up with “analysis paralysis.” Don’t overthink it. Now is the best time to learn. Begin setting aside a fixed amount every month to invest. Consider investing in broad-based indexed funds and exchange-traded funds (ETFs). By dollar cost averaging, you don’t have to worry about timing the market. – Jason Crowley, CFA, CFP, CDFA
Take A Low-Risk Approach. If you’re feeling intimidated, it’s probably because you are risk-averse. This is not a bad thing. First, lighten up on yourself—investing is intimidating for anybody! Dollar-cost averaging is a great way to stay consistently active in the market without riding the emotional roller coaster of highs and lows. Over the long run, this is considered a risk-averse strategy. – Ross Garcia, CDLP
For more great investment tips, check out the full Forbes article here.