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Below are some tips on why and how you can start investing and knowing where to get started. INVESTING TIPS FOR BEGINNERS 1. DOLLAR-COST-AVERAGING The strategy of dollar-cost-averaging can minimize the risk of investing a large sum of money when stock prices may be at an all-time high. 2. GROW YOUR PORTFOLIO WITH COMPOUNDING INTEREST OR DIVIDENDS Earnings from some of your portfolio holdings may earn interest or dividends that could be used to invest in more shares thereby helping you to grow your portfolio.
Below are some tips on why and how you can start investing and knowing where to get started. INVESTING TIPS FOR BEGINNERS 3. REGULARLY REBALANCE YOUR PORTFOLIO – DIVERSIFY Rebalancing your portfolio regularly will insulate the risk of purchasing too many stocks at a very high cost. 4. INVEST FOR LONG TERM Investments that have a higher short-term volatility risk, will probably have higher returns over a long period of time.
Below are some tips on why and how you can start investing and knowing where to get started. INVESTING TIPS FOR BEGINNERS 5. CHOOSE THE TRADING SITE SUITABLE FOR YOU Whether you’ve never invested before and just need some investing experience by playing with virtual cash (not real money) or is a seasoned investor, using the right online trading platform is a very important aspect to your success. MILLENNIAL MONEY MINUTE https://millennialmoneyminute.com/