Starting over and brand new at investing.
May 21, 2018
I’m Miriam Neff-with STARTING OVER FINANCIALLY, and I’m Valerie Neff Hogan, and we’re here to talk about money
M Are you starting over and brand new at investing? Maybe your spouse or another family member was always the one paying attention to investing or maybe all of the finances.
V Start by studying compound interest, diversification and fees. Understand their effects on investments. Just “parking” your money, given that the cost of living continues to go up every year by 3%, you are not in “park”, but aimed downhill with no parking break. On the flip side, very risky investments that you do not understand can lose one third, even half their value in a given year.
M Understanding risk of an investment is critical to making a wise choice.