The decision of whether or not to invest your money should be an easy one – you absolutely should do it. But deciding where and how to invest is trickier.
For first time investors looking to get started with stocks and bonds, whether to invest in individual companies yourself or put your money into a fund is a common decision. The advantages of investing in individual stocks is that you don’t have to pay a management fee and you have more control over where your money is going. On the other hand, with a fund, you are more likely to have a diversified portfolio, and professional management means someone with more expert knowledge is managing your money.
For first timers will little knowledge of the stock market, mutual funds or exchange traded funds (ETFs) likely make the most sense. Click here for more information.