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7 ways to make investing part of your financial plan, from personal finance professionals who know
7 ways to make investing part of your financial plan, from personal finance professionals who know
Tanza LoudenbackSep 3, 2020, 21:01 IST
The third pillar of Business Insider's yearlong Master Your Money series focuses on investing.
The Money Council — a group of financial professionals from a variety of organizations and backgrounds — convened to discuss how and when to start investing, strategies to implement, and mistakes to avoid.
The following are their best tips for making investing part of your financial plan, including beginning with a 401(k) match and considering using a robo-adviser.
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1. Think of investing as just one element of your finances.
Kelly Lannan, Fidelity Investments
Courtesy of Fidelity Investments
2. Start investing in a 401(k) — especially if you get a match.
Scott Pedvis, Wells Fargo Advisors.
Wells Fargo Advisors
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3. Understand the relationship between investing and saving.
Eric Roberge, Beyond Your Hammock.
Beyond Your Hammock
4. Consider a robo-adviser if the DIY approach doesn't suit you.
Cynthia Loh, Charles Schwab.
Courtesy of Charles Schwab
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5. Meet with an adviser who can help customize your strategy.
Kristi Rodriguez, Nationwide Financial.
Courtesy of Nationwide Financial
6. Think about why you want to invest.
Katie Oelker.
Katie Oelker, financial coach and writer
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7. Stick with your plan.
Joseph Edmondson, Equitable Advisors.
Equitable Advisors