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When in it comes to investing for absolute beginners, There are six steps that a beginner should think about
Investing for begginers need to understand the risk tolerance and ability to take on risk when invetsing. This will decide what type of investment portfolio they will build for the stock market.
Second is Portfolio Allocation
Once you figure out your risk, the amount of money that goes to safe or risky investments will be easier to identify
Third is Budgeting Strategy
What is the Cheapest alternative to an item/experience that still maximizes your happiness?
Fourth Investing Strategy
Once you know how much is left over from your budget, now you can invest an a consistent basis the remainder every month
Fifth Investing App
Chose which Investing app ( or Investment Broker) matches your Investing Strategy and maximize cost savings
Sixth Buying Strategy
All you have to do is set up your ROTH IRA or 401k accounts and buy buy buy baby
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