Reap Rewards with Index Funds: 5 Steps to Success
- Consider investing in index funds.
Index funds are mutual funds that purchase a wide range of stocks in the U.S. stock market and keep them in the portfolio for a long period of time.
- Do not attempt to pick stocks.
Don't try to outsmart the market by selecting stocks yourself or hiring stock-picking professionals.
- Spread your investments across multiple asset classes.
Invest in a portfolio that covers a variety of asset classes.
- Keep fees to a minimum.
Avoid expensive funds and opt for low-cost index funds.
- Invest for the long term.
Investing for the long term will help you reap the rewards of businesses.
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