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How do I start investing as a beginner?

Here's how to start as a beginner. Don't start by asking "What should I invest in?" Instead, start by asking, "What am I investing for?" Many people start off by investing for retirement. Although choosing investments can be overwhelming, there are simple choices, like all-in-one funds and robo advisors, that can make it easier.

How to start investing in 2024?

There are four simple steps to start investing in 2024: Choose an investment account, set a budget, decide on an investment strategy and pick the investments that fit your goals.

When should I start investing?

Before you start investing, you need to work your way through the first three of Ramsey’s 7 Baby Steps. That means saving $1,000 for a starter emergency fund, paying off all your debt except your mortgage using the debt snowball method, and then saving a fully funded emergency fund of 3–6 months of expenses.

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Risk warning: Digital asset trading is an emerging industry with bright prospects, but it also comes with huge risks as it is a new market. The risk is especially high in leveraged trading since leverage magnifies profits and amplifies risks at the same time. Please make sure you have a thorough understanding of the industry, the leveraged trading models, and the rules of trading before opening a position. Additionally, we strongly recommend that you identify your risk tolerance and only accept the risks you are willing to take. All trading involves risks, so you must be cautious when entering the market.

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