Important Factors to Consider as a First-time Investor
Embarking on your investment journey can be both exciting and daunting. If you find yourself with questions about where to begin, you’re not alone. Whether you’re fresh out of college or advancing in your career, understanding the basics of investing can lay a strong foundation for your financial future. Our Chief Investment Officer, Matthew Saneholtz, CFA, CFP®, EA was quoted on CNBC sharing his insights on the key steps to consider as a first-time investor.
Matthew emphasizes the importance of understanding that it’s not about timing the market, but rather about the time spent in the market. The power of compound interest is your ally, allowing your wealth to grow faster as you earn returns not just on your initial investment but also on the returns themselves. This compounding effect becomes increasingly impactful over the long term.
As you navigate your investment journey, staying informed, setting realistic goals, and maintaining patience are essential components of success.
Read the full article here: https://cnb.cx/3YHbTxZ