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GETTING STARTED WITH INVESTING – ACTIVE VS. PASSIVE MANAGEMENT

Before you dive into investing it is important that you understand what type of account to invest through. The investment vehicle that you are going to be taking on your journey to financial freedom is a very important piece of the overall puzzle. Make sure you first take the time to find the best account for you ahead of  getting started with investing.

After you have established the best account to use you can deposit money and get ready to invest! This is exciting because there are multiple steps you need to take before this point like establishing an emergency fund and paying down your debt. The worst thing you can do is invest to soon and then end up pulling your money out of the market at the wrong time or face paying hefty fees by withdrawing from tax advantaged accounts. If you are investing in a 401(k) your options will be limited to the plan that your company has provided. However, if you are investing in an IRA or taxable brokerage account you will have many options. You have the power to invest in any public company listed on an exchange. So, what is the best way to go about this?

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