Starting To Invest

I’m Miriam Neff, and I’m Valerie Neff Hogan, with Wise Women Managing Money.

M My favorite way to describe investment opportunities is by comparing them to a grocery store.  You have a deli section, fresh produce, bakery, canned things.  Imagine an investment grocery.  You have a stock section (equities) bond, bank savings account, and a shoe box.   Val, what’s an easy way to start?

V Universal great advice is to invest in what you know. It’s tough.  Many companies in the exchanges have extremely complex operations.  A place to start could be a good quality low expense exchange traded fund tracking the S&P.

M Standard & Poor’s 500 ETF has historically has doubled every 7 years.  A good start.