• Home
  • About
  • Life Style
  • Family
  • Tips
  • Health
  • Business
  • Pets
  • Recipes
  • Contact
    • Facebook
    • Instagram
    • Twitter

When Parents Text

When Parents Text

Helpful Tips For Novice Investors

March 3, 2021 by Annie

Most people would invest their money if they just knew how. The “know how” seems to be the most valuable aspect of investing. Unfortunately, it’s not common knowledge.

If you’re one of those people, then a little help could go a long way. Take a few moments now to learn some simple ways to start your investing journey. Read through this brief compilation of a few helpful tips for novice investors, and get ready to start making some money.

Start investing as soon as possible

Investing your money is to play the long game. It takes time to see your dollar amounts rise when you’re investing, so starting as young as possible is advised.

If you have small children, you can do them a favor by setting up an investment account for them while they’re still little. By the time your kids become adults, they’ll have a nice stack of dough to build their own empires.

Invest in a 401(k)

Not everyone has the chance to invest in a 401(k), but you should always take the opportunity when it presents itself. Investing in a 401(k) will build a stash of cash to support you after retirement.

However, there are also more immediate benefits to investing in a 401(k) plan. You will have access to the funds before you retire, though it’s not wise to tap into your 401(k) too often. You want to make sure you still have enough money for retirement.

Check out the benefits of a term deposit

A term deposit account offers higher interest rates than a typical savings account. The catch is that you cannot access the funds deposited into your term deposit account until the set term for maturity expires.

Automate your savings account

Automating your savings deposits will make sure you keep building your stored cash. You can set up your savings account to automatically take money from your main account every week (or month), so you don’t have to worry about keeping up with the deposits.

Don’t put all your eggs in one basket

Diversification is important for a solid, all-around investing strategy. If you only have one investment source, you won’t have as much stability in your growth. Work to diversify your investments, so you don’t have the danger of losing everything if one thing goes wrong.

Seek out professional guidance

You can learn all the book smarts there are to learn about investing, but application is different. You may benefit from the assistance of a professional. Consider bringing in a financial advisor to help you get the most out of your investments, and don’t waste time learning things the hard way.

 

About Me

Hi! I'm Annie and I have 3 kids (all in their teens - yikes!). My mommy blog isn't all about lunches and DIY - it's also about humour. Like how my kids make fun of my texts as if I don't know how to use emojis (I DO!). Now that I have a bit more time - since my kids don't want to hang out with me (teenagers), I have taken up blogging.

What Is a Hostage Money Organization?

February 8, 2023 By Annie

Great Ideas For Employee Appreciation Gifts

February 7, 2023 By Annie

Bring The Outdoors In – With Retractable Screen Doors for Your Home

February 6, 2023 By Annie

DIY Bathroom Upgrades

February 6, 2023 By Annie

The Secret to Making Tasty Kidney-Friendly Dog Food

February 6, 2023 By Annie

  • Facebook
  • Instagram
  • Pinterest
  • Twitter
  • Facebook
  • Twitter

What Is a Hostage Money Organization?
  • Business

What Is a Hostage Money Organization?

By Annie / February 8, 2023
A hostage finance organization is a completely claimed auxiliary that funds retail buys from the parent firm. They range from...
Read More
Great Ideas For Employee Appreciation Gifts
  • Business

Great Ideas For Employee Appreciation Gifts

By Annie / February 7, 2023
Employee appreciation gifts help companies to recognize the hard work of the people that they depend upon, and there are...
Read More
Bring The Outdoors In – With Retractable Screen Doors for Your Home
  • Life Style

Bring The Outdoors In – With Retractable Screen Doors for Your Home

By Annie / February 6, 2023
What is a retractable screen door? It is a type of screen door that is easy to use and it...
Read More
DIY Bathroom Upgrades
  • Life Style

DIY Bathroom Upgrades

By Annie / February 6, 2023
Believe it or not, there are some bathroom upgrades that you can do yourself and it takes less than a...
Read More
The Secret to Making Tasty Kidney-Friendly Dog Food
  • Pets

The Secret to Making Tasty Kidney-Friendly Dog Food

By Annie / February 6, 2023
Finding out your pup has chronic kidney disease (CKD) or is at risk of chronic kidney failure can be difficult....
Read More
Key Steps to More Efficient Parenting
  • Family

Key Steps to More Efficient Parenting

By Annie / February 3, 2023
Level up Your Child's Self-Esteem As children grow up, their sense of self-esteem starts to develop through their parents' expressions,...
Read More
Why Your Children Need a Loving Relationship with Their Grandparents
  • Family

Why Your Children Need a Loving Relationship with Their Grandparents

By Annie / February 1, 2023
Children need love and support as they are growing up, and this kind of positive relationship with their parents is...
Read More
Top reasons it is essential to have a lawyer during a child support case
  • Family

Top reasons it is essential to have a lawyer during a child support case

By Annie / January 30, 2023
Child support comes in handy, especially after separation or divorce. In most cases, these matters have to be settled in...
Read More
What is the Bankruptcy Means Test
  • Life Style

What is the Bankruptcy Means Test

By Annie / January 30, 2023
The Bankruptcy Means Test is a tool used by the United States bankruptcy court system to determine whether an individual...
Read More
  • Uncategorized

3 Ways To Get Your Life in Order

By Annie / January 30, 2023
Article for : https://www.whenparentstext.com/ 3 Ways To Get Your Life in Order Are you feeling like your life is a...
Read More

About Us

Hi! I’m Annie and I have 3 kids (all in their teens – yikes!). My mommy blog isn’t all about lunches and DIY – it’s also about humour. Like how my kids make fun of my texts as if I don’t know how to use emojis (I DO!)... Read More…

When Parents Text

  • Home
  • About
  • Life Style
  • Family
  • Tips
  • Health
  • Business
  • Pets
  • Recipes
  • Contact

© 2023 · Pretty Creative WordPress Theme by, Pretty Darn Cute Design