Beginners Guide to Investing

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When investing as a beginner, always pay yourself first by investing in a retirement plan through an employer, consider mutual funds, which spread the money and risk over a variety of companies, and pay attention to the fees involved with investing. Begin investing wisely with money advice from a certified financial planner in this free video on personal finance.

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Video Transcript

Hello today we are going to talk a little bit about The Beginner's Guide to Investing. The very first and most important thing for you to think about is always paying yourself first. How do you do that? Well one of the easiest ways to do that is if your employer offers a qualified retirement plan you can participate and generally it is suggested that if you can set aside 10% of your income each month into a retirement plan that is an excellent way to start saving. Another thing to think about is using mutual funds. Mutual funds are a way to diversify and take your money and spread it out among a lot of different investments. Another thing to think about is when you are looking at mutual funds or any investments for that matter you want to pay attention to how expensive those investments are. It is very important when you are considering investing to make sure you pay attention to the expenses of any type of investment you are using. Most mutual funds charge an expense within the fund. The ratio should be at least 1% or less of the overall investment return. In addition another thing that you will want to think about is researching the investments that you are choosing. An excellent site for this is Morningstar's website. In addition Vanguard offers a great website for beginners. They have a library called the Plain Talk Library and they offer a number of brochures and informational pieces you can download and read.

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