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How To Invest in 2023 (For Lazy People)
A Beginner’s Guide to Building a Strong Portfolio
Investing is a great way to grow your wealth and secure your financial future. However, investing can be intimidating, especially if you’re new to the game. In this article, we’ll go over some best practice methods for investing in 2023, as well as why you should start investing as early as possible and why you should think about the future rather than today. We’ll also discuss how to automate your investments and provide some data and statistics about investing over the past few decades.
Why Invest?
First and foremost, why should you invest? Investing is important because it allows you to grow your wealth over time. While some people may be content with saving their money in a bank account, the truth is that savings accounts and CDs typically offer very low interest rates, which means your money is not growing as fast as it could be. By investing your money in the stock market, for example, you have the potential to earn much higher returns over the long term.
Inflation: Protect yourself against inflation. Inflation is the rate at which the general level of prices for goods and services is rising, and it can erode the purchasing power of your money over time. By investing in assets that can keep pace with…
