If your New Year’s resolution is to start investing, read this

Since everyone’s savings goals are different, there are many ways to invest your money. If you’re looking to save for retirement, Nerdwallet reports that you can invest your hard earned money in a 401(k) or traditional or Roth IRA. You could work for a company that offers 401(k) and may even match your contributions, so checking with employers about 401(k) options is a good start. on your investment journey. If you don’t already have a 401(k), you can open a Traditional or Roth IRA. If you are saving for University, you can also open a college savings account that offers the same tax perks as a retirement account. If you don’t have a clear goal but still want to invest your money, Nerdwallet recommends simply opening a taxable account.

If you are really new to the concept of investing, you will want to invest your money using robot advisors on digital platforms like Wealthfront, Betterment and E*TRADE Core Portfolio that use algorithms to invest your money, each Investopedia. This option is great for beginners as it does not require you, the inexperienced novice, to make any real decisions about your investments. However, if you feel confident about your investing abilities, Nerdwallet reports that you can open your own brokerage account, which allows you to buy and sell a variety of stocks, bonds, and funds.

https://www.thelist.com/748729/if-your-new-years-resolution-is-to-start-investing-read-this/ If your New Year’s resolution is to start investing, read this

Dais Johnston

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