Taking the first steps and getting started investing is the hardest thing to do. There’s fear. There’s the unknown. There’s the idea that millions of other people know more than you and you’ll get taken advantage of.At the same time, you know that you should get started. You know that starting to invest early is the best way to build wealth over time. You may have even already read our resource on getting starting investing.So we reached out to some of the smartest experts when it comes to investing and asked them a simple question – Take your time and read through this article because it’s a goldmine of straight talk about getting started investing.
These 13 experts in financial planning, investing, and wealth management all shared several common themes that new investors should focus on:Most of the experts shared thoughts on automating savings and investing. It’s one of the easiest ways to get started investing and be consistent at it over the long run. We are huge believers in automation, and have a great guide to setting up an automatic IRA if you want.Many of our experts shared how new investors need to take advantage of their employer’s plans. Investors need to remember that this is free money, and by taking advantage of an employer match, it goes a long way in boosting returns. Jason Hull also reminded investors not to be trapped by the dollar amount of your company’s match. Contribute more and boost your savings! Finally, many of our professionals reminded readers to be mindful of investing costs and fees. This can be in the form of financial advisor costs, or ETF or mutual fund expenses. We love using FeeX to analyze our investments to ensure we aren’t overpaying in fees.