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What Should I Know About Investing?

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Rica1122 | 02:58 Tue 10th Oct 2023 | Business & Finance
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I would love to know how it works.

Whats the do's & Don't's.

Please, I am kindly asking.

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From the UK Government-backed financial advice service:
https://www.moneyhelper.org.uk/en/savings/investing
(Start with the Beginner's Guide and move on from there.  The basic advice will hold true in other countries as well as the UK, although some of the specific products referred to might not exist elsewhere).

Investing can seem daunting, but it's essential for long-term financial growth. Start with the basics like diversifying your portfolio to spread risk. Consider looking into options like the backdoor Roth IRA https://www.physicianonfire.com/backdoor/ , a smart way to save for retirement while reducing taxes. Stay informed, be patient, and remember that investing is a journey, not a destination.

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