Begin with a plan from "summary" of The Bogleheads' Guide to Investing by Taylor Larimore,Mel Lindauer,Michael LeBoeuf
Creating a plan is essential when it comes to investing. Think of it as a roadmap that will guide you through the often turbulent waters of the financial markets. Before you even think about buying your first investment, take the time to sit down and carefully consider your goals, risk tolerance, and time horizon. By doing so, you can ensure that your investment decisions are aligned with your overall financial objectives. Start by setting clear and achievable goals. Do you want to retire early, buy a house, or fund your child's education? Whatever your goals may be, make sure they are specific and measurable. This will give you a clear target to aim for and help you stay focused on what really matters to you. Next, assess your risk tolerance. How comfortable are you with the idea of fluctuations in the value of your investments? Understanding your risk tolerance will help you determine the right mix of assets for your portfolio. Remember, higher returns usually come with higher risk, so it's important to strike a balance that you are comfortable with. Consider your time h...
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