How To Buy Stocks If You Have No Clue What You’re Doing

Investment can be an incredibly confusing topic to unpack. But let’s go over the basics: You shouldn’t invest unless you have a fully funded emergency fund, your serious debts are resolved (and long-term debt repayments are under control), and you’ve outlined your short-, mid-, and long-term financial and life goals.
Once you have all that in order, it’s a good idea to start thinking about investing, because it’s an important tool to grow your wealth. There are many ways to go about it — from stocks to bonds to mutual funds and exchange-traded funds (ETFs) — but not every method is a fit for everyone. And, contrary to popular belief, going out and buying a bunch of stock in your favorite company is probably not the smartest idea. Click to continue reading…

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