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How to Get Started Investing Without a Lot of Money
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[QUOTE="Yusra3, post: 305480, member: 31907"] If you're looking to get started investing, but don't have a lot of money, there are ways to do it. First, make sure you have an emergency fund. this should be at least three months' worth of expenses. You'll probably need more than that if you're starting young and have a family to support, but this is a good place to start. Then, look into investing in index funds or ETFs (exchange traded funds). These are investments that track an index like the S&P 500 or Dow Jones Industrial Average and offer low fees and high returns without any risk. They're also a good way to diversify your portfolio because they'll invest in different companies across sectors so that if one company goes down financially, another will pick up the slack for you. Finally, look into peer-to-peer lending. This is where individuals lend out their money at lower interest rates than traditional banks offer on loans because they want some sort of return on their investment (usually around 10% per year). [/QUOTE]
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