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Showing posts from January, 2020

Ways to Break the Fear Cycle and Get Started in Investing

Getting started is the hardest part. This may be especially true for investing. The stakes are high. There’s a lot to know. It seems like other people are smarter, richer, more capable than you. Historically, investing was mostly for wealthy families. “The good news is that there has been a seismic shift in the financial services landscape,” said Brent Weiss, a certified financial planner and co-founder of Facet Wealth in Baltimore. “Firms have been working to make investing not only more affordable but more accessible.” If you don’t know the first thing about investing, it can feel as if it’s impossible to make any move at all. But that first step is critical. It has to start somewhere, after all. Weiss’ recommendation is simple. Start small. “Take the first step in the right direction,” Weiss said. “If you have a goal of saving $1 million by the time you retire, you have to start with the first dollar.” Set a goal First, be clear on what you