Explore my portfolio mix. Follow to see how I invest! Sure! Here's a simple explanation of how to start investing:
1. Set Goals: Know why you're investing—retirement, buying a house, or just growing your money.
2. Create a Budget: Make sure you have extra money to invest after covering essentials and savings.
3. Choose Where to Invest:
Stocks: Buying shares of companies—higher risk, but higher reward.
Bonds: Loans to companies/governments—lower risk, steady returns.
Mutual Funds/ETFs: Baskets of stocks or bonds—good for beginners.
Real Estate: Buying property to rent or sell.
Savings Accounts/CDs: Very low