Starting to invest
September 11, 2017
I’m Miriam Neff-with STARTING OVER FINANCIALLY,-and I’m Valerie Neff Hogan, and we’re here to talk about money
M My favorite way to describe investment opportunities is by comparing them to a grocery store. You have a deli section, fresh produce, bakery, canned things. Imagine an investment grocery. You have a stock section (equities) bonds, bank savings account, and a shoe box. Val, what’s an easy way to start?
V Universal great advice is to invest in what you know. It’s tough. Many companies in the exchanges have extremely complex operations. A place to start could be a good quality low expense exchange traded fund tracking the S&P.
M Standard & Poor’s 500 ETF has historically has doubled every 7 years. A good start.