Beginner Investing Strategies – How to Define Your Investment Goals and Start Investing!

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Beginner Investing Stratagies
Investors today have more investment options than were available to the average investor just a few decades ago. While having multiple options is usually a good thing, too many can cause system overload and lead many people to avoid making decisions. Investing is a broad topic that often seems intimidating to people new to investing.…

Investors today have more investment options than were available to the average investor just a few decades ago. While having multiple options is usually a good thing, too many can cause system overload and lead many people to avoid making decisions.

Investing is a broad topic that often seems intimidating to people new to investing. And that is understandable – there are dozens of investment vehicles, hundreds of investing strategies, and thousands of investment options.

Before we let analysis paralysis get the best of us, let’s look at investment options for first-time investors.

DIY Investing or hire a financial planner? This article is aimed at someone who plans on starting their investment plan. However, these steps can quickly be done with the help of a financial planner.

Suppose you are beginning your journey into investing. In that case, you want to choose a financial planner that will walk you through these steps and be able to easily explain why each investment option is suitable for reaching your goals.

They can direct you to additional information so you can better understand how and where your money is being invested.

Four Investing Styles

Before investing a dime, you need to consider what kind of an investor you want to be. There are four primary investing styles you should study.

There are offshoots for each of these that you can do a deeper dive on once you decide which style best suits you. The four investing styles include:

1. Active Investing. As the name implies, you will take an active role in your investing by keeping an eye on the day-to-day and week-to-week movements of market trends and market movements. You are less concerned about long-term prospects and more focused on current short-term strategies.

You select specific “hot” or trending stocks and use market timing to try to outperform the market to seek short-term profits. Because this style involves more frequent and short-term transactions, you need to consider tax and transaction fee expenses.

2. Passive Investing. Consider a passive investing approach if you’re more conservative and risk-averse with less time to devote to daily market ups and downs. Passive investors place their money with a long-term time horizon, looking for safer growth over a longer period.

Often, passive investors create portfolios that track a market-weighted index and then track the index. That lowers risk due to a more diversified portfolio and lower transaction costs due to low turnover.

A buy-and-hold style is an example of passive investing.

3. Growth Investing. This method requires investing in company stocks of companies whose earnings are growing faster than most other stocks and are expected to stay on that growth trajectory. These stocks are often looked at as being overvalued and have a high price-to-earnings ratio.

It is vital to note that these stocks often pay either a low or no dividend but have the potential to make up for that with strong returns.

4. Value Investing. Value investors are bargain hunters who look for stocks that are out-of-favor or undervalued. Value investors expect these securities will rise and buy them before they do.

Warren Buffett popularized this style, who argues the merits of buying stocks that sell for less than their value is based on the premise that they’ll bring solid returns in the future.

How to Start Investing with Little Money

If you’re just starting out, chances are you don’t have a lot of extra cash laying around to pour into an investment portfolio.

That’s okay because if you’re young, you have the power of time and compounding to work in your favor.

When you’re starting with a small amount, you’ll need to treat investing like a small bill to be paid each month. Be disciplined and set aside whatever you can afford.

Make investing a habit, even if you only set aside $10 a week. Make your investing automatic through a direct withdrawal into an investment account through your work.

If you’re super tight on money, look for other ways you can cut back on some of your discretionary spending. Cut back on eating out so much. Don’t buy fancy coffee three times a week at Starbucks.

Cut back on going to the movies or out to clubs. Buy staples in bulk at a savings.

You can do many little things to tighten up your lifestyle to begin some long-term investing.
Also, several investment companies will allow you to start small and make small incremental investments.

These companies cater to people just starting out and understand the value of cultivating a long-term relationship with you.

The biggest thing you can do is decide you want to invest and then take action to start you on a solid long-term path.

Easy Places for Beginners to Start Investing Today

If you want to start investing today without putting your investments in high-risk positions, these investment accounts will make it easy for you to get going while you get your investing legs underneath you.


Betterment is one of the top robo-advisers in the United States and makes investing easy by doing all the picking of investments for you. I detail more about robo advisors below, but it basically works that you answer easy questions and those questions determine how much risk you can tolerate.

Betterment Logo

Quick Look

  • ServiceRobo-Advisor Investing
  • Initial Deposit$0
  • Fees0.25% annually

I like Betterment because they really make the process simple and have a great record of investing.


Real estate investing has long been a great method for building wealth. However, the vast majority of individual investors have felt unable to capitalize on this market due to high barriers to entry.

Fundrise, a robo-real-estate-investor of sorts, is seeking to solve this problem. Fundrise promotes itself as a hands-off, low-cost investment platform that seeks out real estate investment opportunities to acquire and improve for its investors (i.e., without a ton of cash to throw around).

Fundrise reports 8.7-12.4% historical annual returns and a “low-fee approach” (which translates to 1% annually on your assets).

Learn More About Fundrise

M1 Finance

I’ve discussed M1 Finance elsewhere, but it bears reiterating here.

M1 Finance is a robo-advisor, but they have diversified themselves in several ways from the “traditional” robo-advisor through qualities such as greater personalization of investment, no fees, and the ability to purchase stocks and ETFs.

These features (and many others) make M1 Finance a viable option for investing beginners.

Learn More About M1 Finance

Lending Club

Peer-to-peer lending has become a great alternative investment for people looking to get a solid rate of return but want to avoid the stock market. Instead of investing directly in a company, you can lend small business owners and individuals money through platforms like Lending Club.

The average rate of return runs between 5% and 7%, depending on how much risk you take. The good news is you get ratings on every loan, and you can invest in any loan for as little as $25. That means you can diversify into ten different loans with a $250 investment in LendingClub.

Learn More About LendingClub

Exchange Traded Funds

ETFs are a great way for a beginner to get into the stock market, have a little more control than with Betterment, and still not have to pick stocks for themselves.

An ETF allows you to buy into mutual funds at much smaller amounts than a mutual fund company will allow you to purchase.

For example, when I started investing in mutual funds from Vanguard, the smallest amount you could invest in one of the mainstream funds was $3,000. With an ETF, you can buy a small share of the mutual fund just like a small share of a company when you purchase a stock.

For ETF investing I really like TD Ameritrade because they allow you to invest in more than 100 ETFs without being charged any commission.  This is a great way to get started into the ETF market without paying any extra fees.

Learn More About TD Ameritrade


Defining Investment Goals

The first thing we want to do is look at our investing goals. This will help us determine what type of investment vehicle is best for our investment.

Before we go much further, let’s define saving and investing; normally, saving is a short-term engagement, and investing is a longer-term engagement.

Saving goals often include major purchases such as a car, down payment for a home, college tuition, major vacation, etc. Many traditional “investments” would be inappropriate for savings because they may lose value.

Most savings should be kept in low volatile accounts, such as a high yield savings account at an online bank or in a CD. Here is a list of high online bank interest rates that you may find helpful.

Common investment goals include longer-term goals such as retirement, keeping pace with inflation, college tuition, and other longer-term goals. You will notice that I listed college tuition under both saving and investing.

Which group you place each of these under depends on your time frame. You can probably take on a little more risk for an intermediate-length investment.

For example, my daughter is eight months old, so I can take a little more risk with college fund money now than I could if she were 16 years old.

How to Set Up an Investment Strategy

Ask yourself these questions to help you set up the best investment strategy for your situation.

How much money can you set aside for investing each month?

Are you a conservative or an aggressive risk taker?

What are your short-term goals?

What are your long-term goals?

What life events are you facing in the next five years? Starting a family? Buying a home? Major health issues?

Do you have an experienced investor who can mentor and guide you?

Are you willing to commit to putting in the work to educate yourself on investing?

Do you want to be an active or passive investor?

How disciplined and committed are you to an investment strategy?

Do you have specialized knowledge about specific subjects or industries that you can leverage as part of a strategy?

Do you have other assets you can use for emergencies, so you don’t have to rob from your investment portfolio?

How will you react to investment setbacks?

What level of diversity do you think is essential for this stage of your investing?

Are you a good student regarding other financial issues such as understanding your credit score, credit reports, credit cards, car shopping, health, life insurance, and other related topics?

How will you measure your investing results?

Find an Investment Vehicle

After determining your investment goals, we need to find an investment vehicle that meets our needs. I’m not talking about buying a pristine 1953 Buick from the Barrett-Jackson Auction company.

I’m talking about something more fun and exciting – IRAs, 401ks plans, college saving funds, brokerage accounts, and more.

Many specific investing plans have tax breaks or other incentives that make them worthwhile. For example, IRAs and 401k plans are tax-advantaged retirement plans that give users tax breaks either now or in their retirement years.

529 College Savings Plans and Coverdell ESAs offer tax advantages for college savings. These tax advantages can add up to tens of thousands of dollars in the long run. So take advantage of them!

Open an Investment Account

Once you determine your investment goals and which investment vehicle you will use, you should open an investment account. That could be as simple as enrolling in a 401k at work (often done automatically), or starting an IRA, which takes about 15 minutes.

Other options include opening a brokerage account.

Opening an investment account is often as simple as providing your information, signing a form, and transferring funds into your account. But knowing the type of investment will help you narrow down the best place to open your investment account.

Stocks, Bonds, and Mutual Funds, Oh My! The Options are Endless!

There are thousands of places you can put your money, including stocks, bonds, index and mutual funds, REITs, real estate, commodities, small businesses, and more.

Again, I will point to the concept of analysis paralysis and the importance of having investing goals. Before becoming overwhelmed by the sheer number of options, take a hard look at your investment goals and eliminate anything that won’t help you meet your goals.

You should be able to stop a large portion of the available options just by checking them against your investment goals.

Most beginning investors should focus on low-cost, easy-to-manage investments. And the investment that best fits this description is the index fund.

Index Funds – The Best Investment for a First-Time Investor

Most people should simply try to have their investments match the markets. Over the last 100 years, stocks have returned close to 10% each year, on average.

Of course, there are ups and downs. Some years the returns will be great, and the losses will hurt in other years.

But we can’t time the markets. No one can. Not even the professionals.

So the best course of action, for most people, is to put your money in the markets and try to match them as efficiently and cost-effectively as possible. The way to do this is with index funds.

For example, index funds are designed to match a market segment or index, such as the S&P 500.
The benefits of index fund investing are many: low investment costs, tax efficiency, strong diversification, and low-maintenance.

Exchange Traded Funds

Exchange Traded Funds are similar to index funds but are traded on the open market like a stock. They sometimes have lower fees overall but usually come attached with brokerage or transaction fees.

Investing with ETFs is usually a cheaper set of ongoing costs. ETFs are also usually better for large lump sum investing vs. dollar-cost averaging because of the brokerage fees.

Avoid Buying Individual Stocks and Bonds as a Beginning Investor

Many first-time investors think they need to know how to buy and sell individual stocks and bonds to be able to make money in the markets. While it’s true you can win big, you can also lose big!

When you are beginning to invest, the better thing to do is to let the markets do the heavy lifting for you. You can do this very easily by investing in index funds that are designed to follow the market.

Over time, matching the market will grow your investment portfolio more reliably than most people can do by buying and selling individual stocks and bonds (and this includes the “professional” investors and money managers!).

Mutual Funds – Experts Try to Beat the Market (and Most Fail!)

Be wary of managed mutual funds. Mutual funds are a collection of stocks and bonds that are managed by a management team to earn greater returns than the general markets. Many mutual funds feature certain asset classes (small growth, large growth, commodities, etc.), or from various investment sectors (financial, health care, industrial, technology, etc.).

You can have stock mutual funds, bond funds, or a combination.

This sounds good in principle, and some managed mutual funds perform well. However, most managed funds simply cannot consistently beat the market over the long term.

On top of that, they generally have higher management fees and are less tax-efficient than index funds or index fund based ETFs. Those added costs are another hurdle to beating the market.

For investing, I prefer efficiency. And that means minimizing fees and other costs. The best way I know how to do that is to match the market by investing in index funds.

Index funds are dirt cheap to run and generally have the lowest fees possible.

Target Date Funds Remove the Guesswork

If you are a first-time investor, you are probably doing well to get this far (defining your investment goals, finding the appropriate investment vehicle, and opening a Roth IRA).

If you are still overwhelmed with your investment options you may find it best to invest in a target date fund, which automatically diversifies your portfolio to a weighted asset allocation based on your target retirement date.

Or, to put it more simply, a target date fund is a mixture of stocks, bonds, and other investments that is designed to have more risk while you are young, then gradually transfer your funds to less volatile investments as you get closer to your target retirement date. The management is done automatically; all you do is invest and let the fund manager do the work.

Target date funds have some disadvantages, however. They are often less flexible than an asset portfolio you create yourself and may come with higher expense ratios than a do-it-yourself plan.

I am not advocating target date funds as the best plan for everyone. But I will say they are a great place to get started if you simply don’t know where else to start.

The idea is to get in the habit of investing and get your money in the game – particularly in accounts that have investment limits per year (401k plans, IRAs, etc.).

Get started, get in the habit, then move your investments to a more appropriate investment one you have a better idea of how you can accomplish your investment goals on your own.

Robo Advisors Make Investing Easy

Many new investors don’t feel comfortable investing, often due to their lack of understanding of how the markets work or how they should best allocate their investments. This is understandable.

A software-based investment solution called a robo advisor can help investors take the first step.
Robo Advisors work like this: you choose your risk tolerance and the software recommends a mixed percentage of stocks and bonds based on your risk tolerance.

Once you make an investment, they automatically change your asset allocation based on your settings. In some ways, it’s very similar to a target date fund.

Betterment – a Great Investment Tool for Beginning Investors

best hands off roth ira investingOne such Robo Advisor is Betterment, which is an easy to use investment tool that will automatically allocate your investments based on your desired risk tolerance. Betterment is the top robo-advisor brokerage in the country.

With Betterment, all you have to do is set up an account, set your goals, and determine your risk preference, after that, their tool will handle the rest.

Betterment offers a variety of features including:

Start Investing

At this point, you have it all – the goal, the investment vehicle, an open account, and an idea of what you want to invest in. The next step is to get started.

If you are just beginning your investments it’s probably not a good idea to try and time the market.

Dollar-cost averaging through automatic contributions is a great way to get started because it will help smooth your investment returns over the long run. You can often set up an allotment from your paycheck for 401k contributions and sometimes investment contributions to brokerage firms or other investments.

Automating your contributions will make it easier to stay on track. Just be sure to be aware of any contribution limits that may affect your investment planning (retirement accounts such as 401k plans and IRAs have annual contribution limits).

You don’t want to contribute too much money to your accounts! If you find that you have additional money to invest, it’s best to open a brokerage account for your additional investments.

Monitor and Adapt Your Investing Strategies

Ahh, you thought we were done, didn’t you? Not quite.

Investing and saving are two different things. Setting up a savings account or CD Ladder and leaving them alone until the term is up is easy.

But investing requires a more hands-on approach. I’m not advocating day trading, but you do need to be aware of how your money is allocated and how your investments are performing.

It’s a good idea to track your investments with money tracking software tools so you can see it all in one place, and it is good to perform periodic spot checks and adjust your asset allocation as necessary. My favorite software program for investors is Personal Capital, a free online investment tool.

Some people prefer to do this on an annual or semi-annual basis or any time they have a significant life event that changes their investment goals. (Maintenance is one of the reasons I recommend a target date fund for beginners; it removes one step from the equation until they can learn more about asset allocation and other investment vehicles).

Is it Better to Invest or Save Money?

In reality, saving money is a form of investing and you should keep some of your money in a traditional savings account for emergencies and big expenses that crop up from time to time.

Investing offers a greater chance for a better return in most all cases. It has a different set of objectives that traditional savings.

The bottom line is that both should have a seat at the table when you’re creating an overall personal financial strategy for you and your family.

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About Ryan Guina

Ryan Guina is the founder and editor of Cash Money Life. He is a writer, small business owner, and entrepreneur. He served over 6 years on active duty in the USAF and is a current member of the IL Air National Guard.

Ryan started Cash Money Life in 2007 after separating from active duty military service and has been writing about financial, small business, and military benefits topics since then. He also writes about military money topics and military and veterans benefits at The Military Wallet.

Ryan uses Personal Capital to track and manage his finances. Personal Capital is a free software program that allows him to track his net worth, balance his investment portfolio, track his income and expenses, and much more. You can open a free account here.

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  1. Robert says

    Nicely written article. I think one of the best things to start with is a mutual fund. That is where I started almost 16 years ago fresh out of college. My company was actually doing some work for the company that is now American Century. I was in Kansas City working for them, and I got some literature while there and opened an account. Things are easier now, as there is so much information online.

    • Ryan says

      Great tip – I think mutual funds and index funds are a great place to start for beginner investors. I would like to add a little to that though, because not all of them give a complete picture or provide much diversification among types of investments (stocks, bonds, cash equivalents, etc.), which is why I recommended a target date fund for a first time investor who just wants to get started. Most target date funds include different mutual funds so that can help the investor more easily diversify his holdings, but target date funds usually have other investments as well, such as bonds, REITs, etc.

      If someone wants to get started with mutual funds they should definitely research their needs and options, then consider the importance of adding additional investments as well, so that all their money is not in one form of investment.

  2. Olivia says

    I totally agree with your suggestion to go with a target date fund. Vanguard offers one made entirely of index funds that has an astoundingly low 0.20% expense ratio. The only downside to the fund is that you need a $3000 opening deposit. I can’t wait until I have my deposit so I can open mind. It really eases the burden of having to decide how much of each type of fund to keep.

    • Ryan says

      Olivia, I think target date funds are a great choice for people who are either looking for a very low maintenance investment plan, or simply don’t know where to start. Obviously, they are not a once size fits all approach to investing and won’t work for everyone, but they certainly have benefits.

  3. Craig says

    Don’t get so caught up in the terms and lingo but just read basic beginner strategies to learn the basics of what can happen and how you can benefit by investing smart.

    • Ryan says

      Definitely. I remember when I was first starting I was so overwhelmed by the options that I almost didn’t do anything. But I sat down with some papers and books and learned enough about the different types of investments to get started. It turns out I didn’t make the best investment decision, but I got started and I learned a lot!

  4. Kevin Khachatryan says

    I think an article that goes into the differences between saving and investing goals, including how much to allocate into each of these purposes, would be a great article for beginners.

  5. Daddy Paul says

    The beginning investor just needs to start. A Roth IRA is an excellent vehicle. I would start with a mutual fund. My first recommendation is the Royce Low price Stock Fund RYLPX.
    Once you are up to 10K it is time to develop an asset allocation. When your investments are 10 to 25K it is time to look at a large fund family such as Fidelity or Vanguard where you can invest in a host of funds with no fees.
    I harp in my articles at length about not investing in penny stocks; single stocks loaded funds and leveraged investments. I am a big fan of no load funds and prefer managed funds over index funds except for large cap US investing where I prefer index funds.

  6. Monevator says

    Hmm, I absolutely see why you’re suggesting a target fund, so don’t take this as a criticism please.

    But just to present the other side of the argument, is it really that much more suitable than say a three-way split between a cheap Total Market ETF or tracker fund, a bond ETF and cash until the new investor has more confidence or learning?

    As you rightly say, the expenses will really add up with managed funds and I’m not sure they’re really that much easier to get started with.

    I agree they give a sense of confidence to new investors… but is that confidence misplaced?

    Just my two cents.

    • Ryan says

      I don’t take it as criticism at all, nor do I think a target fund is the best answer for everybody. I just think it is a great option for people who have absolutely no idea where to start. If the decision boils down to “don’t invest at all” or “give me something quick and easy to invest in until I can learn more” then I think target date funds win hands down because they are easy to understand, require no maintenance, and can often be found with very low management fees (some as low as index fund fees).

      Your solution would work just as well for someone to get started. That’s the thing with investing, there is no “one-size-fits-all” approach, and there are a number of methods that could work for each situation.

      • Monevator says

        “If the decision boils down to “don’t invest at all” or “give me something quick and easy to invest in until I can learn more” then I think target date funds win hands down.”

        Agreed! 🙂

  7. Ted says

    I think the hardest part for me is the initial decision. That first investment decision (beyond a simple savings account), is somewhat scary, weird, and says a lot. I want to start broad and small. A little in a CD, a little in a simple IRA, and save lots of cash. Build a broad base of cash, have a little safety in the CD, then start pouring money into the IRA. That way, if i make an early mistake, i still have 2 other resources to draw from to build up that base and begin the long process of saving for retirement. Once I have a decent beginning, then I can use some cash to take great risks early.

    Also, first thing- make enough money to put away. Yeah, now that we are there- its time to start thinking of smart ways to save.

    • Ryan says

      Ted, You can still invest with cash or CDs in an IRA, that way you are getting the tax benefits and locking in part of your retirement investments now – hopefully giving them more time to grow between now and retirement. But I certainly understand starting slowly.

  8. Kristine says

    I think that if someone is a beginner investor, then he/she needs to educate him/herself first. Learning about investing puts the responsibility on the investor, and not the market or the fund manager. It is too easy to blame someone or something when things go wrong, and then too easy to repeat the mistake later.

    I agree with Ryan in that there is not a one size fits all option. Do your due diligence. There aren’t risky investments, only risky investors.

  9. Bill says

    hi there to all i have read every1’s comment & will be doing sum kind of
    investment weathere it’s in the share market or sumthings i have noted
    down, yes i am a beginner & i think i will do good at this path from knowin of
    my knowledge i kind of like have a strong mentality for bussiness in the
    hospitality industry iv’e always wanted to do investment & time is around the corner ex. i can come up with great ideas to boom sales, as far as i know money makes money, but i have a question for all if it’s ok, have any of use reached the expectations that you invested in or reached your goal so far,thanks for the advice i will never invest in anything without a financial advicer. cheers

  10. Hammachi Yakimono says

    Mutual funds charge fees for investing. Minimums are $2500 or more and stock funds don’t beat the market average. By using direct purchase an investor can buy an individual stock for $300 or less, add money and reinvest dividends often with no fees. His chances of beating the market average are much better also.
    I own several stocks all in large cap US Corporations. Most have been in business more than 100 years and all are good dividend stocks. I also have some money in no load mutual funds. I am switching some of the stock mutual funds to bonds. I think this will work much better.

    • Ryan says

      Great points, Hammachi. Not everyone is disciplined or educated enough in the stock markets to purchase individual stocks. But if you are willing to do the research and track you investments properly for tax reasons, direct purchases can save you money in the long run.

  11. Hammachi Yakimono says

    I started buying stocks more than 30 years ago. It was hard to get much information back then so I used lists from the almanac. My plan was to buy one stock and evaluate it, then buy another similar stock. I still have the first stock and recently sold the second.
    Today there is much more information available, maybe too much. Investing in stocks is much like learning to ride a bicycle or use a computer. That is to learn by doing it. Wells Fargo is one of many stock transfer agents. Their shareholder services has a list of companies offering direct purchase plans. Some like Kraft Foods or General Mills are well known. Wells Fargo might be a good place to start. Information on these plans is available right there. A potential investor could ask a Wells Fargo representative what they recommend.

  12. dennis says

    have you been recommending any type of dollar cost averaging strategies for people trying to put away a specific amt of money on a monthly or quarterly basis?? i use a process that is a form of DCA that not only buys , but sells at specific junctures nailing down profits in overbought markets and buying into oversold ones…..its just hard to stay disciplined….any thoughts??

    • Ryan says

      Dennis, DCA is a rough concept that can work fine by itself, or if you take the concept and run with it, like you have done. The most important factor, in my opinion, is to make sure your actions reflect your investment goals and risk tolerance. It sounds like you have modified the concept for your situation in a way that works for you, which is wonderful. Just be sure to periodically review your trades for performance and compare the results to other possibilities. Investing is a situation where there is no one-size-fits-all solution. 🙂

  13. Randa says

    If you start out with a target date fund, do companies charge you for changing the companies you’re investing in at a later date? Also, does anyone know of an IRA fund that is FDIC insured? I’m having trouble finding one at a brokerage firm. I’m looking at Fidelity, ING, or a similar company. Any advice would be appreciated.

    • Ryan Guina says

      The only funds that are FDIC insured are typically Certificates of Deposit (CDs) or money market accounts, both of which don’t usually offer very good long term returns – at least, not enough to grow wealth over the long run. If you have risk aversion, then consider visiting with a financial professional who can give you a better idea of how the markets work in the long run.

      As far as charging you to change companies, that all depends. Almost all target date funds have some sort of associated management fee which is charged to maintain the fund. If you decide to move to a different company, you can often leave your funds with your old company and just open a new account, or you can liquidate the account (convert it to cash), then transfer the funds to another IRA at a different company (just be sure to do a rollover IRA to preserve the tax benefits; if you cash it out, you may owe a substantial amount of taxes). Some firms charge a small transaction fee to buy or sell shares of a stock or funds, but it shouldn’t normally be a substantial amount. So in most cases, the cost to move your funds to a new brokerage will be either nothing, or very minimal. Just be sure to research this topic before opening your account so you have a better idea of which fees you may owe under different circumstances.

      Here is a list of the best Roth IRA companies in our opinion.

  14. Bryce @ Save and Conquer says

    I very much like your advice to get out of the stock picking mindset. As you point out, many people think investing is all about picking stocks, and they are rightly concerned about losing their money. They don’t know that investing these days can be best done using low-cost passive index funds. Investing today is actually quite simple. We just need to keep spreading the word.

  15. Jeramey says


    Great article full of valuable information, this is perfect for anybody looking to invest money for the first time. By the way, I am currently working in the 6F career field on active duty. I will definitely be looking forward to reading more of your content.

  16. scott says

    I’m new to investing, just inherited over 2 million, due to death in family. It’s not a good situation, but I need to make my relatives proud of MY investment portfolio. Currently have advise from Trust attorney, but who do you trust!!!! Any quality advise is appreciated.

  17. Stephen says

    Very well written. I think personally the best advice for a beginner investor is to just get money into indexes/etfs/something broad with a low MER as soon as they possibly can. Time in the market is the key, the sooner you start the better you’ll be in the long run.

    • Ryan Guina says

      Thank you, Stephen. I agree – the sooner you start investing, the better. Momentum is very important when you are starting out, and contributions make up a much larger percentage of your total portfolio than most market gains or losses. So it’s easy to get excited about contributions when you constantly see your account growing. The longer you continue to invest, the larger the account grows until it (hopefully) reaches a critical mass and market gains and dividends exceed annual contributions. That takes some time, of course. But it’s a great goal to chase!

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