Monday, August 1st, 2022
The world of investing can be confusing, especially for a first-timer. No worries, though; AGCU can help! Here’s how to start investing in five easy steps.
If you’re investing, be prepared for potential losses, because there are no sure things. But how much loss can you take? Your risk tolerance will vary according to the time horizon you’re working with, the amount of money you can afford to lose and your objectives.
Why are you investing this money? Do you hope to save enough money for a down payment, or to fund your retirement? Or, are you simply looking for a way to grow your money? Identifying your investment goals will help you choose your investment vehicles and the amount of money you’re comfortable investing.
Next, you’ll need to find an investing style that suits your personality and investing goals. Here are your basic choices:
You’re ready to choose your investments! Here are some popular first-time investments:
Monitor and adjust your portfolio on a regular basis to keep it diversified and help minimize the risk of loss. Follow these steps to help you get started investing with more confidence.
If you’re ready to start investing or would like some more advice, Reach out to our good friends at AGFinancial
Read Step 1: How to Track Your Spending
Read Step 2: Creating a Budget
Read Step 4: Have the Money Talk With Your Partner
Read Step 5: Practice Mindful Spending
Read Step 7: How to Pay Yourself First
Read Step 8: Know When and How to Indulge
Read Step 9: Build and Maintain an Excellent Credit Score
Read Step 10: Plan for Retirement
Read Step 12: Review and Tweak
Much more than a catchphrase, our tagline is our passion, our reason why we do what we do. This is the impact of your membership with AGCU.
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