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You’ve worked hard to save the money. Now, learn which investment practices will help you compound it.
2 min read
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When you have been patient and consistent enough to save $10,000, your investing habits should reflect a similar wherewithal. Better yet, educating yourself of the best investment decisions can help you see the most return.
In this video, Entrepreneur Network Phil Town breaks down some of the best resources to use when investing $10,000. For instance, IRA and Roth IRA funds can be extremely helpful to save some money from taxes, and 401(k)’s are worthwhile if your employer matches contributions. Both tools have their pros and cons, but $10,000 will start you in the right direction.
Town also recommends investing in individual stocks. This practice will be extra effective if you hold steady to patience, rationale and education. The dedication to nurturing your education can have great rewards on its own. Invest in your own knowledge by pursuing top-notch resources so you will become the best investor you can be. By following these tips, you will be able to see impressive gains on your initial investment in the near future.
Click the video to learn more.
Related: Why Warren Buffett Takes His Investing Tips From a Baseball Legend
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