What's the #1 Thing You Must Do Before Investing?
For individual investors, the internet, technology, and low (or even nonexistent) trading costs have made investing easier today than it ever was in the past. However, between an over-abundance of information, constant distractions, and a retirement system that puts the burden on the individual investor to secure their own retirement, investing wisely has never been harder.
In this episode of Coffee, Sweaters, and Finance, Morgan Ranstrom, CFA, CFP® and Bill Mulvahill, CFP®, CPA, fee-only financial planners and fiduciaries at Trailhead Planners in Minneapolis, MN, discuss the most important thing you must do before investing one cent of your money. Including:
- What am I investing for?
- What timelines matter for my goals?
- How much should I be saving and investing?
- What types of accounts and investing vehicles should I be investing in?