Ready to invest?
Most financial advisors say you’re ready to invest if you have two of the following things in place.
In this lesson, you’ll learn the basic guidelines for smart investing and how to get started. As a first step, determine whether you’re ready to invest.
Before you start to invest, be sure you’re prepared to cover your expenses in case of an emergency, a sudden illness, or if you lose your job. To get started with investing, it can be helpful to work with professionals. Ask at your financial institution – many offer investment products and guidance.
Click to select the correct two.
Enough savings to cover two to six months of expenses
Debts low enough that you can comfortably pay them
Own a home with a 30-year mortgage loan
You’ve repaid all of your loans on time and in full
No more than $1,000 in credit card debt
Enough savings to cover 9 to 12 months of expenses
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