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Here are some simple tips that you can use to become a smart investor.
Keep It Simple
A great example of an investing platform that keeps things very straightforward is Betterment.com. You simply specify the asset allocation that you’d like to maintain, and they automatically rebalance your portfolio of passively managed index ETFs as the market fluctuates.
Begin With Your Retirement Fund
If you’re interested in opening up a Roth or Traditional IRA account, this can be done either at a traditional mutual fund company, such as Vanguard of Fidelity, or at one of the many discount brokerages available online, such as Sharebuilder (currently offering $50 of free money with a simple promo code), Scottrade, ETrade Financial, TradeKing, or TradeMonster.
Monitor Your Risk
Don’t Chase Results
Choose Low Fee Investments
Diversify Your Portfolio
Stick To Your Plan
***Photo courtesy of http://commons.wikimedia.org/wiki/File%3ANYSE127.jpg