Welcome to our blog, where we aim to guide you through the exciting world of investing. Whether you’re a novice or have some experience, understanding the basics is key to making informed decisions. In this post, we’ll cover key topics such as setting financial goals, identifying low-cost investment options, and building an emergency fund before diving into the investment pool. We’ll also discuss starting with a small budget, diversifying your investment portfolio, and utilizing robo-advisors for automated investing. Additionally, we’ll explore peer-to-peer lending platforms, index funds, and ETFs. Stay tuned to learn about starting a retirement account with little money, investing in fractional shares, and the significance of educating yourself for long-term success.
Understanding The Basics Of Investing
Investing is a crucial aspect of building wealth and securing financial stability for the future. Many individuals are hesitant to start investing because they believe it requires a vast amount of money and extensive knowledge of the stock market. However, understanding the basics of investing is the first step towards generating wealth, and it is possible to start investing even with limited funds. In this blog post, we will explore the essential concepts and strategies that every beginner investor should know to embark on their investment journey.
Investing little money: One common misconception about investing is that it requires a significant amount of capital. While having a substantial amount of money to invest can potentially lead to higher returns, it is not a prerequisite for getting started. In fact, many well-known investors and financial advisors recommend starting with a small budget and gradually increasing investments over time. By investing small amounts regularly, you can take advantage of the power of compounding and grow your investments steadily.
Understanding investment options: Before delving into the world of investing, it is essential to understand the different investment options available. Stocks, bonds, mutual funds, exchange-traded funds (ETFs), and real estate are some of the most common investment vehicles. Each option comes with its own set of risks and rewards, and it is crucial to conduct thorough research and seek professional advice before making any investment decisions. By diversifying your investment portfolio across multiple asset classes, you can mitigate risks and increase your chances of generating consistent returns.
Developing a long-term investment strategy: Building wealth through investing requires a comprehensive and well-thought-out investment strategy. It is vital to set clear financial goals and align your investment decisions accordingly. Whether you are investing for retirement, education, or a specific financial milestone, having a long-term perspective is crucial. Additionally, considering factors such as risk tolerance, time horizon, and investment horizon will help you choose the most suitable investment vehicles and asset allocation for your portfolio.
- Identifying low-cost investment options
- Building an emergency fund before investing
- Utilizing robo-advisors for automated investing
Conclusion: Understanding the basics of investing is the foundation for successful wealth generation. By debunking the belief that investing requires a significant amount of money, individuals can feel empowered to start with any investment budget. Being aware of different investment options and developing a long-term investment strategy will further contribute to achieving financial goals. Remember that investing is not a one-time event but rather an ongoing endeavor that requires continuous learning and adaptation. As you gain experience and knowledge, you can grow your investments steadily and position yourself for long-term financial success.
|Understanding The Basics Of Investing||investing little money, investment options, long-term investment strategy|
|Setting Financial Goals For Investing||financial goals, long-term perspective, investment decisions|
|Identifying Low-Cost Investment Options||low-cost investment options, asset allocation, mitigate risks|
Setting Financial Goals For Investing
When it comes to investing, having clear financial goals is crucial. Without proper goals, it becomes difficult to determine what you are trying to achieve with your investments. Setting financial goals helps you stay focused and motivated throughout your investment journey. Whether you are investing a large sum or just investing little money, having a clear purpose for your investments can make a significant difference in your long-term financial success.
Why Are Financial Goals Important?
Financial goals act as a roadmap for your investment decisions. They provide you with a clear direction and help you determine what returns you are aiming to achieve. Setting financial goals also helps you prioritize your investments and allocate your funds accordingly. It allows you to evaluate your progress and make adjustments when needed. Whether your goal is to save for a down payment on a house, fund your children’s education, or build a retirement nest egg, having concrete financial goals is essential.
How to Set Financial Goals for Investing:
- Identify Your Short-Term and Long-Term Goals: Start by identifying your short-term and long-term financial goals. Short-term goals may include saving for a vacation or buying a new car, while long-term goals may involve retirement planning or saving for your child’s education.
- Be Specific and Realistic: It is important to set specific and realistic goals. Instead of saying, “I want to make a lot of money,” specify the exact amount you aim to achieve within a certain time frame.
- Assign Timeframes: Assigning timeframes to your goals provides a sense of urgency and helps you stay on track. It also enables you to break down your goals into smaller, manageable milestones.
- Consider Risk Tolerance: Your risk tolerance should align with your financial goals. Determine how much risk you are willing to take and factor it into your investment strategy.
- Monitor and Adjust: Regularly monitor your progress towards your financial goals and make adjustments as needed. Personal circumstances and market conditions can change, so it is important to modify your goals and strategies accordingly.
Setting financial goals for investing is a crucial step towards achieving long-term financial success. Whether you are investing little money or a significant amount, having clarity about your goals helps you make informed investment decisions. Remember to be specific, realistic, and assign timeframes to your goals. Regularly review your progress and adjust your strategies as necessary. By setting financial goals, you will be on the path to achieving your financial aspirations and securing your future.
Identifying Low-Cost Investment Options
When it comes to investing, many people assume that it requires a large sum of money to get started. However, this is not always the case. In fact, there are several low-cost investment options available that allow individuals to start investing with as little as a few hundred dollars. By identifying these low-cost investment options, individuals can begin building their investment portfolio without breaking the bank.
One of the most popular low-cost investment options is investing in index funds or ETFs. Index funds are a type of mutual fund that aims to replicate the performance of a specific stock market index, such as the S&P 500. Investing in index funds allows individuals to gain exposure to a broad range of stocks with just one investment. Similarly, ETFs (exchange-traded funds) are investment funds that trade on stock exchanges like individual stocks, but they typically track a specific index or sector. Both index funds and ETFs offer low expense ratios, making them an affordable option for beginner investors.
Another low-cost investment option to consider is fractional shares. Fractional shares allow individuals to buy a portion of a single share of a stock, rather than purchasing a whole share. This means that investors can invest in high-priced stocks such as Amazon, Google, or Apple, without needing to buy a full share. Fractional shares are a great way to diversify a portfolio and invest in well-known companies with just a small amount of money.
Additionally, peer-to-peer lending platforms have gained popularity as a low-cost investment option. These platforms connect borrowers and lenders and allow individuals to invest in loans to earn interest. By cutting out traditional financial institutions, peer-to-peer lending platforms can offer higher interest rates to lenders. This makes it an attractive investment option for individuals looking to generate passive income with a small amount of money.
|Investment Option||Key Features|
|Index Funds or ETFs||Low expense ratios, broad market exposure|
|Fractional Shares||Invest in high-priced stocks with small amounts of money|
|Peer-to-Peer Lending Platforms||Invest in loans for passive income generation|
By identifying these low-cost investment options, individuals can take advantage of the benefits of investing with only a small budget. It is important to remember that while these options offer low costs, they still involve risk. Therefore, it is crucial to research and diversify investment portfolios to mitigate potential losses. Whether it’s through index funds, fractional shares, or peer-to-peer lending platforms, investing doesn’t have to be expensive. With careful consideration and understanding, individuals can start investing and grow their wealth even with little money.
Building An Emergency Fund Before Investing
Investing is a great way to grow your wealth and achieve your financial goals. However, before you start investing, it is important to have a solid emergency fund in place. An emergency fund is a pool of money set aside to cover unexpected expenses or income loss. It acts as a safety net, providing financial security and peace of mind. In this blog post, we will discuss the importance of building an emergency fund before investing and how to get started.
One of the key reasons for building an emergency fund before investing is to protect yourself from financial emergencies. Life is unpredictable, and unexpected expenses can arise at any time. Whether it’s a medical emergency, car repair, or sudden job loss, having an emergency fund allows you to deal with these situations without resorting to debt or liquidating your investments.
To build an emergency fund, you should aim to save three to six months’ worth of living expenses. This amount will vary based on your individual circumstances, such as your income, monthly expenses, and the stability of your job. Start by setting a specific savings goal and then break it down into smaller, achievable targets. Allocate a portion of your income towards your emergency fund each month and stick to it.
- Make sure to prioritize your emergency fund over other non-essential expenses. Cut back on unnecessary spending and redirect those funds towards your savings. It may require some sacrifices in the short term, but the peace of mind that comes with having a fully funded emergency fund is worth it.
- Consider automating your savings by setting up an automatic transfer from your checking account to your emergency fund each month. This way, you won’t even have to think about saving; it will happen automatically. Treat your emergency fund as a regular bill that needs to be paid and make it a priority.
- Another strategy to boost your emergency fund is to increase your income. Look for opportunities to earn additional income, such as freelancing, part-time jobs, or selling unused items. The extra money you earn can be directly allocated towards your emergency fund, helping you reach your savings goal faster.
Once you have built a fully funded emergency fund, you can then confidently begin investing. Your emergency fund will act as a safety net, allowing you to weather any unexpected financial storms without jeopardizing your investments. It provides you with financial stability and allows you to take a long-term approach when investing.
|Benefits of Building an Emergency Fund Before Investing:|
|1. Financial Security: Having an emergency fund provides a sense of security and peace of mind, knowing that you are prepared for any unexpected expenses or income loss.|
|2. Avoiding Debt: Without an emergency fund, you may be forced to rely on credit cards or loans to cover unexpected expenses. Building an emergency fund helps you avoid going into debt.|
|3. Protecting Investments: Having a fully funded emergency fund allows you to focus on long-term investments without the worry of having to liquidate them due to financial emergencies.|
In conclusion, building an emergency fund before investing is a crucial step towards financial stability and success. It provides a safety net that protects you from unexpected expenses or income loss, allowing you to focus on long-term investments without the fear of jeopardizing them. Start prioritizing your emergency fund today and enjoy the peace of mind it brings.
Starting With A Small Budget
Starting with a small budget can seem daunting when it comes to investing. Many people believe that you need a large amount of money to start investing, but that’s simply not true. In fact, investing little money can still yield significant returns over time. In this blog post, we will explore the various strategies and options available to individuals who are looking to invest with a limited budget.
One approach to investing with a small budget is to focus on low-cost investment options. These are investment vehicles that have lower fees and expenses, allowing you to make the most of your limited funds. For example, you can consider investing in index funds or ETFs (exchange-traded funds) which offer broad market exposure at a low cost. These funds allow you to diversify your investment across various companies or sectors without requiring a large initial investment.
Another option to consider when starting with a small budget is fractional shares. This allows you to buy a fraction of a single share, making it more affordable to invest in expensive stocks. Fractional shares provide an opportunity to invest in companies that may have significant growth potential, even if you cannot afford to purchase a full share. This can be particularly appealing for investors with limited funds but who still want to be part of the stock market.
|Investing little money||Low-cost investment options||Starting with a small budget|
|Index funds||ETFs||Fractional shares|
It’s also important to educate yourself when starting with a small budget. Take the time to learn about different investment strategies and understand the risks involved. There are numerous online resources, articles, and forums where you can gather information and seek advice from experienced investors. Educating yourself will help you make informed decisions and increase your chances of success in the long run.
Lastly, don’t underestimate the power of consistent and disciplined investing. Even if you are starting with a small budget, regularly contributing to your investment account can accumulate significant wealth over time. Set a monthly or quarterly amount that you feel comfortable investing and stick to it. By developing a habit of investing, you can gradually grow your portfolio and achieve your financial goals.
Diversifying Your Investment Portfolio
In the world of investing, one of the key strategies for mitigating risk and maximizing returns is diversification. Diversifying your investment portfolio involves spreading your investments across various assets and asset classes to reduce the potential impact of any one investment on your overall portfolio. It is an essential practice for investors of all levels, whether you are just starting out or have been investing for years.
There are several benefits to diversifying your investment portfolio. First and foremost, it helps to mitigate risk. By spreading your investments across different assets, industries, and geographical regions, you can reduce the impact of a single event or downturn on your overall portfolio. If one investment underperforms, the gains from other investments can help balance out the losses, thereby minimizing the overall risk.
Another benefit of diversification is the potential for increased returns. Different assets and sectors perform well at different times. By investing in a variety of assets, you increase your chances of capturing the upside when certain assets or sectors are performing well. This can help boost your portfolio’s overall returns.
When diversifying your investment portfolio, it is important to consider various asset classes such as stocks, bonds, real estate, and commodities. Additionally, within each asset class, you can further diversify by investing in different companies, industries, and regions. This ensures that your portfolio is not overly concentrated in any one area, which can be risky.
One popular way to diversify your investment portfolio is through index funds or exchange-traded funds (ETFs). These funds offer instant diversification by pooling together a group of stocks or bonds that track a specific market index or sector. By investing in an index fund or ETF, you gain exposure to a wide range of companies or assets, spreading your risk and diversifying your portfolio in one simple investment.
- In summary, diversifying your investment portfolio is a crucial strategy for investors looking to mitigate risk and maximize returns.
- By spreading investments across different assets, industries, and regions, you can reduce the potential impact of any one investment on your overall portfolio.
- Additionally, diversification provides the opportunity to capture the upside of different assets and sectors that perform well at different times.
|Benefits of Diversifying Your Investment Portfolio:|
|Mitigates risk||Reduces the potential impact of a single investment||Minimizes overall risk|
|Potential for increased returns||Captures the upside of different assets and sectors||Boosts overall portfolio returns|
Utilizing Robo-Advisors For Automated Investing
Robo-advisors have become increasingly popular in recent years as a convenient and cost-effective way to invest your money. These online platforms use algorithms to provide automated investment recommendations, removing the need for costly human financial advisors. This makes them an attractive option for individuals who are new to investing or have limited resources to commit to managing their investments. By leveraging the power of robo-advisors, investors can achieve their financial goals with minimal effort and without the need for extensive financial knowledge.
One of the key advantages of utilizing robo-advisors is the ability to start investing with little money. Traditional investment options often require a significant amount of capital to get started, making it difficult for individuals with limited savings to enter the market. However, robo-advisors typically have low minimum investment requirements, allowing individuals to get started with as little as $500 or even less in some cases. This accessibility makes it possible for people with modest budgets to begin building their investment portfolios and working towards their financial goals.
In addition to their low entry requirements, robo-advisors offer diversification benefits to investors. Diversifying your investment portfolio is crucial for managing risk and maximizing returns. However, it can be challenging for individual investors to achieve proper diversification on their own, as it requires a deep understanding of different asset classes and their correlations. Robo-advisors make this task easy by automatically allocating your investments across a range of assets based on your risk tolerance and investment goals. By spreading your investments across different asset classes, you can reduce the impact of any single investment’s poor performance on your overall portfolio.
Another advantage of using robo-advisors is their ability to provide personalized investment recommendations tailored to your individual circumstances. These platforms utilize advanced algorithms that consider various factors such as your risk tolerance, investment timeframe, and financial goals to create a customized investment plan. This personalized approach ensures that your investment strategy aligns with your specific needs and preferences, increasing the likelihood of achieving your desired outcomes. Additionally, robo-advisors regularly review and rebalance your portfolio to maintain the desired asset allocation, saving you time and effort in managing and monitoring your investments.
- In conclusion, robo-advisors offer a convenient and accessible way for individuals with limited resources to start investing and achieve their financial goals. Their low entry requirements, diversification benefits, and personalized investment recommendations make them an attractive option for those looking to invest with little money. By leveraging the power of automated investing, individuals can build their investment portfolios and work towards long-term success without the need for extensive financial knowledge or costly human advisors. So why not consider utilizing a robo-advisor for your investment needs?
Advantages of Utilizing Robo-Advisors:
|– Low minimum investment requirements||– Diversification benefits||– Personalized investment recommendations|
|– Accessibility for individuals with limited savings||– Automated portfolio rebalancing||– Cost-effective compared to traditional financial advisors|
Exploring Peer-To-Peer Lending Platforms
When it comes to investing little money, one option that is gaining popularity is peer-to-peer lending platforms. These platforms, also known as P2P lending, connect borrowers directly with individual lenders, bypassing traditional financial institutions like banks. This form of investing allows individuals to lend money to others and earn interest on their investment. It also provides borrowers with an alternative to traditional lending sources, often at lower interest rates.
One of the advantages of utilizing peer-to-peer lending platforms is the potential for higher returns compared to other investment options. Unlike traditional savings accounts or bonds, where returns may be relatively low, P2P lending offers the opportunity to earn higher interest rates. This can be particularly appealing for investors looking to grow their money over time.
Another benefit of peer-to-peer lending platforms is the ability to diversify your investment portfolio. Instead of placing all your money into one investment, such as stocks or real estate, P2P lending allows you to spread your funds across multiple loans. This diversification can help reduce the risk associated with investing and potentially increase your chances of earning a positive return.
- Furthermore, investing through P2P lending platforms is relatively easy and accessible. Most platforms have user-friendly interfaces, making it simple for individuals with little investment experience to get started. Additionally, many platforms have minimum investment requirements, allowing you to start with a small budget. This makes it suitable for those who are just beginning their investment journey or who have limited funds to invest.
|Higher Returns: Peer-to-peer lending platforms offer the potential for higher returns compared to traditional savings accounts or bonds.||Risk: As with any investment, there is a risk of borrowers defaulting on their loans, potentially resulting in a loss of investment.|
|Diversification: P2P lending allows for diversification of your investment portfolio, reducing risk and increasing potential returns.||Lack of Regulation: Peer-to-peer lending platforms may have less regulation compared to traditional financial institutions, which could pose risks for both lenders and borrowers.|
|Easy and Accessible: Investing through P2P lending platforms is often straightforward and accessible, even for beginners.||Liquidity: Your investment may not be easily liquidated, as loans typically have fixed terms and can’t be easily sold.|
Overall, exploring peer-to-peer lending platforms can be a worthwhile option for individuals looking to invest with little money. It offers the potential for higher returns, diversification, and accessibility. However, it’s important to be aware of the risks involved, such as loan defaults and potential lack of regulation. As with any investment, it’s essential to do your research and carefully consider your financial goals before getting started in peer-to-peer lending.
Investing In Index Funds Or Etfs
Investing in index funds and ETFs (exchange-traded funds) can be a smart and efficient way to grow your wealth over time. These investment vehicles offer investors the opportunity to own a diversified portfolio of stocks or bonds without having to research and pick individual securities. Index funds and ETFs track specific market indexes, such as the S&P 500 or the Nasdaq, allowing investors to gain exposure to a broad range of assets.
One of the key advantages of investing in index funds and ETFs is their low expense ratios. These funds are designed to replicate the performance of a particular market index, which means they have lower management fees compared to actively managed funds. This can have a significant impact on your overall investment returns, especially over the long term. By keeping your costs low, you can potentially earn higher net returns on your investments.
Another benefit of index funds and ETFs is their built-in diversification. Since these funds typically hold a large number of stocks or bonds, they offer investors instant diversification across multiple companies or industries. This diversification helps to reduce risk by spreading your investments across different assets. As a result, if one company or sector performs poorly, the impact on your overall portfolio is minimized.
- Index funds and ETFs also offer flexibility and ease of use. These funds are traded on stock exchanges, which means they can be bought and sold throughout the trading day, just like individual stocks. This provides investors with the ability to make quick changes to their investment strategy if needed. Additionally, index funds and ETFs can be held in various types of accounts, including individual retirement accounts (IRAs) and 401(k) plans, making them accessible to a wide range of investors.
|1. Index funds and ETFs offer investors a low-cost way to gain exposure to a diversified portfolio of stocks or bonds.|
|2. These funds have low expense ratios, leading to potentially higher investment returns.|
|3. Index funds and ETFs provide built-in diversification, reducing risk by spreading investments across different assets.|
|4. They offer flexibility and ease of use, as they can be bought and sold throughout the trading day and held in various types of accounts.|
Starting A Retirement Account With Little Money
Planning for retirement is an essential part of securing your financial future. However, many people believe that starting a retirement account requires a significant amount of money. The good news is that it’s possible to begin saving for retirement even on a tight budget. In this blog post, we will explore some smart strategies to kickstart your retirement account with limited funds.
1. Set clear retirement goals:
- Before you start investing, it’s important to set clear retirement goals. Determine the age at which you want to retire and how much income you will need annually during retirement. This will give you a target number to work towards and help you stay on track.
2. Choose the right retirement account:
There are various retirement account options available, such as individual retirement accounts (IRAs) and employer-sponsored plans like 401(k)s. Research and compare the benefits and limitations of each type of account. Consider factors like tax advantages, contribution limits, and withdrawal restrictions to select the one that suits your financial situation.
3. Start small and automate your contributions:
|Retirement Account||Minimum Investment|
|IRA||$0 to $1,000|
|Employer-Sponsored Plan||Often as low as 1% of your salary|
Even if you have limited funds, it’s crucial to start saving as early as possible. Start with whatever amount you can comfortably afford, and increase your contributions gradually over time. Consider automating your contributions, so a portion of your income goes directly into your retirement account each month. This habit will help you consistently invest and make progress towards your retirement goals.
In conclusion, starting a retirement account with little money is entirely feasible. By setting clear goals, choosing the right retirement account, and consistently saving even small amounts, you can take proactive steps towards ensuring a financially secure retirement. Remember, every little bit counts, and the key is to start as early as possible. So, don’t let a limited budget hold you back from securing your future.
Investing In Fractional Shares
Investing in fractional shares can be an excellent way to get started in the world of investing, especially if you have limited funds to work with. Fractional shares allow you to purchase a portion of a single share of stock, rather than having to buy a whole share. This opens up the possibility of investing in high-priced stocks that may have been out of reach otherwise.
One of the key benefits of investing in fractional shares is the ability to diversify your portfolio without needing a large amount of capital. By investing small amounts in a variety of stocks, you can spread your risk and potentially increase your chances of earning returns. This is especially beneficial for beginner investors who want to explore different industries or sectors without committing a significant amount of money.
Another advantage of fractional share investing is the accessibility it provides. Many brokerage platforms now offer the option to purchase fractional shares, making it easier for individual investors to participate in the stock market. This means that you don’t need to save up a substantial amount of money before getting started. You can begin investing with as little as a few dollars, allowing you to learn about the market and gain experience without a significant financial commitment.
- Investing in fractional shares also allows you to take advantage of dollar-cost averaging. This strategy involves investing a fixed amount of money regularly, regardless of share prices. When you buy fractional shares, you can consistently invest a predetermined amount, which means you are purchasing more shares when prices are low and fewer shares when prices are high. Over time, this can help to mitigate the impact of short-term volatility and potentially lead to higher overall returns in the long run.
|Advantages of Investing in Fractional Shares||Disadvantages of Investing in Fractional Shares|
|1. Access to high-priced stocks||1. Limited voting rights|
|2. Diversification with small amounts of capital||2. Fractional share fees|
|3. Accessibility for individual investors||3. Limited availability of fractional shares for certain stocks|
|4. Dollar-cost averaging||4. Potential lack of control over timing of investments|
While there are many advantages to investing in fractional shares, it is important to consider the potential disadvantages as well. Fractional shares may come with limited voting rights, as you only own a fractional portion of the overall share. Additionally, some brokerage platforms may charge fees for trading fractional shares, so it’s essential to be aware of any associated costs.
Furthermore, not all stocks or companies offer fractional shares, so there may be limited availability for certain investments. This means that you may not be able to invest in every stock you are interested in with fractional shares. It’s important to research and choose a brokerage platform that provides a wide range of fractional shares to maximize your investment options.
In conclusion, investing in fractional shares can be an accessible and cost-effective way to begin your investment journey. With the ability to diversify your portfolio, take advantage of dollar-cost averaging, and invest with limited funds, fractional share investing offers numerous benefits to both beginner and experienced investors. However, it’s important to understand and consider the potential disadvantages before making investment decisions. With the right knowledge and strategy, investing in fractional shares can be a valuable addition to your investment portfolio.
Educating Yourself For Long-Term Success
Investing in the stock market can be a daunting task, especially for those who are new to the world of finance. However, with the right knowledge and education, anyone can achieve long-term success in their investments. Educating yourself about investing is crucial as it provides you with the necessary skills and understanding to make informed decisions that can lead to financial growth. Whether you are a beginner or an experienced investor, here are some key steps you can take to educate yourself for long-term success.
1. Read Books on Investing: One of the best ways to start educating yourself about investing is by reading books written by renowned financial experts. Books like “The Intelligent Investor” by Benjamin Graham and “A Random Walk Down Wall Street” by Burton Malkiel provide valuable insights into different investment strategies and the principles of sound investing. These books can help you develop a solid foundation and understand the key concepts of the stock market.
2. Attend Webinars and Online Courses: In today’s digital age, there are numerous webinars and online courses available that focus on investing. These platforms offer interactive sessions and tutorials led by experienced investors who share their knowledge and expertise. Online courses like “Investing 101” or “Stock Market Fundamentals” can provide you with a structured learning environment and help you grasp complex investment concepts.
3. Follow Financial Blogs and News: Keeping yourself updated with the latest financial news and trends is essential for understanding the stock market. Follow reputable financial blogs and news outlets that cover topics related to investing. Many financial experts also share their insights through blogs, providing valuable tips and advice to beginner investors.