Your journey toward financial success begins as soon as you understand and employ the four basic investment principles that are central to the BetterInvesting philosophy.
Remember, long-term financial success is not a sprint to the finish. Slow, steady growth is your ultimate goal, and the BetterInvesting philosophy will help you set the right pace.
You can begin by investing as little as $25, $50 or $100 a month. As your resources grow, your monthly investment can grow. The important thing is to invest on a set schedule over time.
Reinvest earnings, dividends and profits
If a stock pays dividends, reinvest them to buy more shares. If you sell a stock, apply the proceeds to another investment.
Buy growth stocks and equity mutual funds
With the right growth stocks and equity mutual funds, you can achieve goals like doubling your money every five years or averaging 15 percent annual return on your investments
Diversification helps balance risk and expand investment opportunity. Invest in companies of various sizes within different industry segments. Consider mutual funds from different categories or groups, including large-cap and small-cap funds, as well as domestic and international funds.