How To Start Investing Even If You Are Not Rich Yet - Opinion by Shaun Stenning

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Figuring out how to invest money can be a real challenge. And I’m sure you’ll agree with me when I say: “There’s certainly no shortage of information on investing available in the digital age.” However, too much information can be overwhelming. Right?


If you’ve heard the phrase, “Every little bit helps,” used in everyday life, the same goes for beginning to invest your money.


Shaun Stenning said, “The truth is that you don’t need the fortune to start investing. And whether your financial goal is to support your family, buy your first home or retire early, regular investing is a great way to get your money working for you.”


Most of us weren’t taught about investing at school, so it’s not surprising it’s unfamiliar, even scary. But there are easy ways to get started.


1. You can get started for $100

You don’t have to be rich to invest in a managed fund, you can open an account for much less than you might expect.


2. You don't have to be an expert

Investing in a managed fund takes less knowledge and effort than investing directly in things like shares or investment property.


3. You can spread the risk

According to Shaun Stenning, If one of your investments isn’t going well as expected, other assets may be doing better. The higher-performing assets in your fund may be able to offset the losses of an asset that’s performing poorly.


4. You can get your money whenever you need it

While term deposits and savings accounts are usually locked in, you can make withdrawals from your managed fund whenever you want to.


5. You can choose contributions to suit your budget

The longer your timeframe, the more the value of your investments can grow. By starting early and making regular contributions, the better your chances of success.


There are plenty of ways to start investing with little money, with many online and app-based platforms making it easier than ever. All you have to do is start somewhere. Once you do, it will get easier as time goes on, and your future self will love you for it. Shaun Stenning said,

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