Part 9/10:
The cornerstone of successful investing is diversification—allocating your money across different sectors and types of assets to hedge against unforeseen market fluctuations. Regularly tracking your investments and adjusting as needed is also key to maintaining alignment with your financial goals.
Investing with Limited Funds
A common misconception is that investing requires large sums of money. The good news is, many brokerages now have no minimum deposit requirements and charge no trading fees. Even with just $10 or $20, you can begin investing and stay engaged. Consistent contributions over time, combined with patience, can lead to substantial growth—a process often described as “dollar-cost averaging,” where you invest fixed amounts regularly regardless of market fluctuations.