From CNBC:

Investing can be intimidating, but it doesn’t have to be. Financial experts recommend starting early to benefit from compound interest. Save 1x your salary by 30, 3x by 40, and 10x by 67 for retirement security, according to Fidelity Investments.

Target-date funds (TDFs) are an easy entry point for novice investors. Investors choose a fund based on their planned retirement year. TDFs automatically adjust risk levels as investors age, making them a simple and effective investment option.

For investors seeking a more hands-on approach, target-allocation funds or global market index funds are solid choices. Allocate more to stocks when young for long-term growth. Consider safer options for short-term needs and take advantage of workplace retirement plans for matching contributions.

Warren Buffett famously said investing is not a game of intelligence but strategy. Novice investors should opt for simple, effective options like index funds. Consider tax implications for TDFs in taxable accounts, and seek advice for personalized guidance on investment choices.



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