The stock market is a powerful tool to create wealth, but it can also be a deadly trap for investors.
To get an edge, it’s important to understand how the market works and how it can hurt your financial situation.
Here are some of the key factors to consider when setting up an investment strategy.
What’s your goal?
The first thing to consider is how you want to invest.
For most investors, the goal is to own stock and make money, but many also aim to build a good portfolio.
The best investments are ones that provide a good return on their investment, according to a recent study by Vanguard.
In other words, they provide you with a return that will enable you to meet your lifestyle goals.
Investing in companies that provide long-term, low-cost investment opportunities is an obvious choice, but there are many more options.
A few of them are listed below: 529 college savings plans for families with low-to-moderate income