How to Start Investing
Learn how to start investing with our detailed step-by-step guide. Follow our easy instructions to get it done right.
Your Progress
0 of 6 steps completedStep-by-Step Instructions
1 Step 1: Build Emergency Fund First
Step 1: Build Emergency Fund First
Save 3-6 months expenses in savings account before investing to avoid selling investments for emergencies.
Investing for Beginners Book
Complete guide to starting your investment journey
2 Step 2: Determine Investment Goals and Timeline
Step 2: Determine Investment Goals and Timeline
Define what you are saving for (retirement, house, etc.) and when you will need the money.
Investment Goal Planner
Workbook for setting financial goals
3 Step 3: Open Brokerage or Retirement Account
Step 3: Open Brokerage or Retirement Account
Choose platform like Vanguard, Fidelity, or Schwab and open IRA or taxable investment account.
4 Step 4: Understand Risk Tolerance
Step 4: Understand Risk Tolerance
Assess how much risk you can handle emotionally and financially based on age and goals.
Risk Assessment Questionnaire
Tool to determine appropriate investment allocation
5 Step 5: Start with Index Funds
Step 5: Start with Index Funds
Invest in low-cost, diversified index funds or ETFs that track S&P 500 or total market.
Index Fund Investing Guide
Book on passive investing strategy
Investment Tracking App
Personal Capital or Mint premium for monitoring investments
6 Step 6: Invest Consistently and Stay Disciplined
Step 6: Invest Consistently and Stay Disciplined
Set up automatic monthly investments, avoid timing the market, and stick to plan through ups and downs.
The Psychology of Money Book
Understanding investor behavior and discipline