8 Best Investments for Beginners  [Build a Diversified Portfolio]

If you’re a beginning investor looking for ways to make your money grow, you’re not alone. Going it alone when learning to invest is a tried-and-true path. But everyone has to start investing money somewhere.


Many financial experts recommend you establish an emergency fund first before investing money in the market. That way, unexpected events won’t derail your daily budget.

Emergency Fund


If you have cash on hand, it’s best to keep it in a checking account (and not under your mattress.) Much like the credit bureaus report how you handle credit, an organization called ChexSystems keeps track of how you handle checking accounts.

Checking Account


Most banks also offer savings accounts, which is an excellent place to put cash on hand you don’t want to spend (but aren’t quite ready to invest.) Like checking accounts, savings accounts likely won’t have competitive interest rates unless they are a designated high-yield savings account.

Savings Account


High yield savings accounts are an excellent place to keep short-term savings or an emergency fund because they keep your money in a separate location and typically offer better interest rates.

High-Yield Savings Account


As of 2022, you will be able to save up to $20,500 per year (this limit increases by $6,500 if age 50 or older) in your 401k. Your employer also has the option to match some of these contributions if they want.

Retirement Plans – 401k

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