
STEP 7:
INVEST IN INDEX FUND OR ETFs
Why invest in index funds or ETFs?
Index funds and ETFs are a simple, low-cost way to grow your money over time. They help lower risk by spreading your money across many companies, have lower fees because they’re not actively managed, and tend to grow steadily with the market. Their simplicity makes them a great choice for beginners looking for an easy way to invest.
How to start investing in index funds
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Open a Brokerage Account: Use platforms like Vanguard or Fidelity.
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Pick a Fund: Choose funds like S&P 500, Total Stock Market, or International Funds.
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Start Small: Many funds let you begin with just a few dollars.
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Invest Regularly: Set up automatic contributions.
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Think Long-Term: Hold your investments to reduce fees and grow your money.
Start Today:
Open a brokerage account and choose your first low-cost index fund or ETF.