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Consider investing in lowcost index funds from "summary" of Investing Basics for Beginners by Razaq Adekunle
Index funds are a type of investment fund that seeks to replicate the performance of a specific market index. This means that instead of trying to beat the market by selecting individual stocks or securities, index funds aim to match the returns of the overall market. One of the key advantages of index funds is their low cost. Because they are passively managed and simply track the performance of an index, they typically have lower fees compared to actively managed funds. Investing in low-cost index funds can be a smart strategy for beginners because it offers diversification, low fees, and a simple way to invest in the stock market. Diversification is important because it helps spread risk across a wide range of assets, reducing the impact of any ...
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