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I'm 32 and want to invest in stocks but don't know where to start. How can I make the most of my money for long-term growth?


Published on 2025-03-27 06:21:11 - Moneywise
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  • Nearly half (48%) of American adults don't have any investment assets, according to a 2024 report by asset management firm Janus Henderson. The reasons why included a preference for more accessible assets like cash,

The article on MSN Money discusses the concerns and aspirations of a 32-year-old individual looking to invest in stocks for long-term growth. It outlines several key steps for beginners in investing: starting with understanding one's financial situation, setting clear investment goals, and assessing risk tolerance. The piece emphasizes the importance of education before investing, suggesting resources like books, online courses, and financial news. It recommends beginning with diversified investments through low-cost index funds or ETFs to mitigate risk. The article also touches on the benefits of dollar-cost averaging, where one invests a fixed amount regularly regardless of market conditions, which helps in reducing the impact of volatility. Additionally, it advises on the importance of a long-term perspective, patience, and not reacting hastily to market fluctuations. Lastly, it suggests consulting with a financial advisor for personalized advice, and highlights the need for continuous learning and adapting strategies as one's financial situation evolves.

Read the Full Moneywise Article at:
[ https://www.msn.com/en-us/money/savingandinvesting/im-32-and-want-to-invest-in-stocks-but-dont-know-where-to-start-how-can-i-make-the-most-of-my-money-for-long-term-growth/ar-AA1BKZQU ]