Exactly How I'd Invest $5,000 If I Had to Start From Scratch Today
Getting started investing can be a daunting task. The good news is, you are probably young enough to have plenty of time to make mistakes and recover some of the losses from those mistakes. That said, getting a good start from the start can set you up for a very prosperous investing journey.
If I had $5,000 to invest and was starting from scratch, I'd follow a very simple strategy. Instead of focusing on generating sexy market-beating returns, I'd devote most of my attention to how I can optimize the tax efficiency of my investments. I know, it sounds boring, but saving money on taxes can produce excellent returns.
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Source Fool.com
