5 Investment Strategies That Can Help You Become a Millionaire
Investing is one of the best ways to grow your money over the long term, but it intimidates a lot of people, because of the inherent risk and the perceived difficulty of investing properly. There's no denying that education and practice can help you invest your money more wisely, but you don't have to know a lot about investing to get started. Here are five tips anyone can use to start growing wealth today.
Investing always carries some cost. Your broker will likely charge you fees, and the assets you invest in may have them as well. Mutual funds, for example, charge an annual fee, called an expense ratio, to all shareholders. This is usually a percentage of your assets, and it can eat into your profits over time. You can figure out how much you're paying in fees by looking into your broker's fee schedule and the prospectus for your investments.
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Source Fool.com
