Today’s fantastic family finance article is:
11 Investing Tips You Wish You Could Tell Your Younger Self
When you sit down with your teens to choose a low cost index fund investment for their Roth IRAs (hint, hint), be sure to opt for reinvesting dividends.
You’ll get the benefits of compounding and dollar cost averaging in one sweet package. A two-fer!
Make sure you have the right boxes checked when you make your investment. Not sure? You can review and update the settings after the fact. For example, in CapOne Investing (formerly ShareBuilder), you can access your settings under Portfolio > Dividend Reinvestment.
Read more about why reinvesting matters and pick up some other solid tips in today’s article.
Get tomorrow’s tip here.
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