5 Investing Tips for 2021
Before we know it, 2021 will be here, and with any luck, it will bring some good news with it (like an end to the pandemic). But we don't know what 2021 has in store for the stock market, and while investment values could hold steady in the new year, we can't discount the possibility of a stock market crash. That's why it's important to prepare for a number of different scenarios in the coming year, and here are some tips for doing just that.
Investing can be a time-consuming process, but it doesn't have to be. If you don't know how to research stocks or are too overwhelmed by the idea, stick to index funds. Index funds let you buy a bucket of different stocks, and their goal is to match the performance of the market indexes they're associated with. As such, if you were to buy shares of an S&P 500 index fund, you'd effectively be investing in the broad market without having to do any significant amount of legwork.
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Source Fool.com
