To the new investor, the stock market can seem like a terrifying place. There are a million charts to look at, numbers and terms that make no sense, and the fear that you’ll lose everything after one transaction.
Yet investing isn’t as scary as it appears. Sure, you could do all sorts of complicated and often risky things with your money, but you don’t ever have to. Plus, that “risk” you keep hearing about is manageable and a lot better than simply spending every dime you have.
Recently, investor Sallie Krawcheck sat down with new investors to get their take on what investing is, and how to get started with zero previous experience. Trust us: you’re going to want to listen to what she has to say.
By simply saving 10% each paycheck and building up an emergency fund, you’ll be on much better footing than the average consumer. Remember: a dollar saved now could be $10 when you need it the most.
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