More Than One-Third of Americans Need Help Investing. These Tips Will Put You on the Right Track
Investing can be an intimidating process. During a recession, it's even more challenging. If you're in the dark about how to invest, you're definitely not alone. An estimated 38% of Americans said they need help with investing or choosing stocks in a recent SoFi survey. With that in mind, here are a few tips that apply to both newbies and seasoned investors alike.
The stock market can be extremely volatile, clocking in gains one day and plunging the next. The best way to avoid losing money in it is to only invest cash you don't have a near-term need for. That way, you'll be in a position to leave your portfolio alone and give it time to recover from market downturns that might ensue.
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Source Fool.com
