How much you invest isn’t as important as how often you invest
In a CNBC interview, Buffett advised viewers that even if you can’t make big contributions, the point is to keep investing regularly. No matter what, and no matter how small the amount.
As Buffett stated, “I think it’s the thing that makes sense practically all the time.”
That’s because, with the way that compounding interest works, even small contributions will grow your money over time — Leaving you with a surprisingly hefty nest egg by the time you retire.
With Public, you can easily buy and trade stocks, options and exchange-traded funds (ETFs).
Public not only offers commission-free trading but also provides a high-yield account where you can park your cash between investments. Public also has social features, enabling users to follow and learn from other investors, share ideas, and stay updated on market trends with real-time insights — kind of like its own internal Reddit community.
While modern investing platforms make it easy to access the stock market, inflation is making it harder than ever to find room in your budget for investing and saving. Trying to budget and set aside a few dollars here and there, let alone a few thousand, can feel almost impossible.
But that’s exactly what Acorns is designed to help you do. Acorns is a mobile app that automatically invests your spare change for you, so you can reap the benefits of compound interest with recurring investments.
It’s simple: As you spend on bills and daily essentials like gas and groceries, Acorns rounds up the price of each purchase to the nearest dollar. The change then goes into a smart portfolio, growing all the while.
Tp help you get started, Acorns is offering a $20 sign-up bonus for a limited time.
Discover how a simple decision today could lead to an extra $1.3 million in retirement
Learn how you can set yourself up for a more prosperous future by exploring why so many people who work with financial advisors retire with more wealth.
Discover the full story and see how you could be on the path to an extra $1.3 million in retirement.
Read MoreNew ideas for safe savings vehicles
If you’re committed to being a safe investor like Buffett, there are other options outside of stocks and commodities that you can use to grow your wealth.
You can shop around to find the best savings options with the Moneywise list of Best High-Yield Savings Accounts of 2024 to compare your options and start building your retirement or emergency fund more efficiently.
The richest 1% use an advisor. Do you?
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