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Trump's trade war is spooking first-time investors. 4 need-to-know tips for stock-market newcomers.
- The trade war is causing hesitation among retail investors when it comes to investing in the stock market.
- Starting to invest now and using dollar-cost averaging can aid in reaching long-term financial goals.
- Katie Klingensmith, a CIO, offers four crucial tips for new investors to navigate the market uncertainties.
- Having a regular investing plan through dollar cost averaging helps in building a portfolio steadily over time.
- Beginners should stick to basics like index funds, ETFs, and blue-chip stocks for a simpler investment approach.
- It is important to diversify investments to reduce risks and take advantage of a broad basket of securities.
- Understanding your risk tolerance, financial goals, and emotions is crucial before diving into investment.
- Keeping a long-term mindset and refraining from emotional decisions during market fluctuations is key.
- During uncertain times, holding cash reserves can provide a sense of security over risking all investments.
- International exposure in investment portfolios can offer diversification and potentially reduce risks associated with depending solely on US markets.
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