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RE: LeoThread 2025-12-17 02-10

in LeoFinance • 6 days ago

New to investing? A brief 5-step guide

  1. If an employer 401(k) is available, contribute up to the matching amount; employer matches are effectively free money

  2. Favor investments with low fees to avoid eroding returns

6 days ago in LeoFinance by
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     6 days ago  
    1. Default plan options are often very conservative; for investors with decades until retirement, more growth-oriented choices like Large Cap or Total Market funds may be appropriate
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       6 days ago  
      1. A Roth IRA can be opened if one isn’t already held, with automatic contributions set via a brokerage app. The annual contribution limit is $7,000, which may be less than many monthly car payments
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         6 days ago  
        1. Keep it simple with broad index funds such as S&P 500 or total market funds (examples: $FXAIX, $VOO, $FSKAX)

        A straightforward five-step approach to getting started with investing

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