Worldwide Invest Better Day
Today is Worldwide Invest Better Day, a new landmark declared by The Motley Fool.
Worldwide Invest Better Day aims to “educate, inspire and motivate individual investors to return to the time-tested, long-term, business-focused investing principles that lead to financial security. “
The Motley Fool thinks it’s time we take back control of our money, and we agree with their mantra – you are the best person to manage your own money.
There’s no denying it’s been a rough few years for investors. It can be tempting to opt-out – but burying your money in a savings account is no way to save for retirement, nor is active trading or reckless speculation.
For Betterment, investing better means being proactive. Prioritizing the future over instant gratification; deciding what matters to you and creating goals to achieve it; being aggressive about saving 15-20% of your paycheck; and re-investing more of your money rather than wasting it on high fees.
The best part? Investing better means spending less of your time or energy. Select a smart investment, automate good behavior, commit to the long term, and then forget about it. The buy and hold approach is tried and true.
It’s wise to check back in every now and again – but most investments are better off without your input. Seriously.
Be better people! How do you plan to achieve it?
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Set up traditional, Roth, or SEP IRAs to save for the golden years.
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