06/27/2024 | Press release | Distributed by Public on 06/27/2024 19:01
Step 1: Determine financial priorities - Housing, living expenses, emergency savings, and paying off high-interest debt should take priority. Invest only with leftover funds after these obligations are met.
Step 2: Set investment goals - Long-term investment goals are as diverse as growing personal wealth, retirement planning, building and passing on generational wealth, creating additional income streams, or supporting a business or cause. Choose the wealth building products that best fit your investment goals:
Step 3: How much to invest? - Your investment strategy should fit reasonably into your current budget and financial priorities. Depending on your financial situation, it is recommended to invest 10-15 percent of your annual income per year.
Step 4: Do your research - Start your investment research with us. Our Investor Center website is a free resource designed to empower investors of all experience levels to learn more about investing, protect themselves from scams and fraud, and make informed financial decisions.
Step 5: Recognize red flags - Investment offers often come with promises of financial security or building wealth quickly. Beware of opportunities that seem too good to be true or are offered with high-pressure sales tactics. Use our Protect Yourself from Fraud and Investment Scams resources for tips on how to recognize the red flags.
Step 6: Get help