Simple Investing Tips | Tess she/her

GOD 1st 🙏.
🙌 Invest the simple way
🏔 Build wealth and confidence
📖 Education not advice (this is my ONLY acct)
Free guide - 5 Steps to Invest Checklist👇👇

[Simple Investing Tips | Tess she/her @wealthwithtesss]

Sunday thoughts…

Before the end of the year be sure to take advantage of these two tax deductions!

If you take the standardized deduction you can take up to a $300 tax deduction for charitable donations….more if you itemize your taxes…

[Simple Investing Tips | Tess she/her @wealthwithtesss]

Give me a 🔥if you agree.

Comment below on you will invest in yourself this week.

#womensupportingwomen #motivationalquotes #womenempowerment #selfcare

[Simple Investing Tips | Tess she/her @wealthwithtesss]

A basic buy and hold investment strategy looks like this:

☀️Buy index fund based investments
☀️Hold them for a long time (at least 5+ years…)
☀️Avoid the temptation to sell when the market gets rough

It doesn’t have to be complicated to be effective.

DM today me to learn!

[Simple Investing Tips | Tess she/her @wealthwithtesss]

Understanding Index Funds will CHANGE your investing game for the better.

If you are in a target date mutual fund in your 401k you might want to consider a different strategy since target date funds can have REALLY HIGH fees.

[Simple Investing Tips | Tess she/her @wealthwithtesss]

Watch out for fees though…especially if you are in target date mutual funds.

2 quick things to know:

1. Your contributions reduce your taxable income.
2. If your employer gives you a MATCH that’s free money. Take it!

[Edward Kim @edk208]

Luna Classic is community driven. Nothing changes. No one (and everyone) decides the fate of the blockchain. To Luna v2, if needed, we'll work to keep the lights on there too.

[Simple Investing Tips | Tess she/her @wealthwithtesss]

investing education.

With inflation at 7% last year you can’t afford to keep all your money in cash.

Investing doesn’t have to be risky as long as you diversify your investments and hold them for a long time.

DM ME NOW!
#personalfinance #financialfeminist #financialliteracy

[Simple Investing Tips | Tess she/her @wealthwithtesss]

Hypothetical: You procrastinate for a year to figure out to do with an old 401(k) that is worth $50k.

You eventually find out that you've been paying 1% in fees.

You paid $500 in fees that you could have avoided with a free rollover a year ago.

Get a financial education.

[Simple Investing Tips | Tess she/her @wealthwithtesss]

1. Invest consistently over time
2. Build a strong diversified portfolio investing in different assets and industries (index funds make this easy!)
3. Develop an understanding of stock market patterns so that you avoid panic selling

It’s not as hard as you think. DM ME .

[Simple Investing Tips | Tess she/her @wealthwithtesss]

I love this simple graph by @fluent.in.finance 🙌

The longer you hold your investments in the stock market, the higher likelihood of a bigger return.

It’s impossible to time the market and what’s worse is that if you missed the 10 best investing days of the last 20 years,

[Simple Investing Tips | Tess she/her @wealthwithtesss]

Look, I want everyone I know to start investing more yesterday…

But more important than starting to invest, is actually learning about the stock market, index funds, crypto, Real Estate, or whatever you’re else you’re interested in.

Ready to learn more? DM me NOW.

[Simple Investing Tips | Tess she/her @wealthwithtesss]

Just posted a photo @ Worcester, Massachusetts https://t.co/kxIcnELXh4

[Simple Investing Tips | Tess she/her @wealthwithtesss]

EVERYONE should have basic financial literacy but especially for women this MATTERS.

1. Women tend to live longer which means you need more money to live and cover health care costs.

Follow me on IG: @wealthwithtesss
#financialfreedom #personalfinance
#401k

[Simple Investing Tips | Tess she/her @wealthwithtesss]

Just posted a photo @ Worcester, Massachusetts https://t.co/aAgzPTPtAk

[Simple Investing Tips | Tess she/her @wealthwithtesss]

So many folks I talk to are afraid of picking investments but index funds makes this easy!

Here’s an example of a 3 fund portfolio using Fidelity Index Funds that would be a great place to start:

Ask and Shoot me a DM with questions!

[Simple Investing Tips | Tess she/her @wealthwithtesss]

A lot of financial pundits will tell you that you should clear ALL debt before you start investing.

Based on this example, does that make sense to you?

If you can invest some of your money now and continue to concurrently pay off low interest debt (mortgages, student loan,etc

[Simple Investing Tips | Tess she/her @wealthwithtesss]

Just posted a photo @ Worcester, Massachusetts https://t.co/yprF5teoEi