The Carr Report: The fundamentals of investing for beginners

Investing can seem daunting for beginners, but understanding the fundamentals can help you build a solid foundation for your financial future. Whether you’re saving for retirement, college, major purchases, or simply looking to grow your wealth, the principles of investing remain the same. The world of stocks, bonds and mutual funds can feel like a complex and confusing place. Understanding these basic fundamental investment principles can help you make informed decisions that align with your financial goals and risk tolerance. This article will guide you through the basics of investing, including key concepts, strategies and tips to get started. What is Investing? Investing is the act of allocating money or capital to an asset or endeavor with the expectation of generating income or profit. Unlike saving, where the focus is on preserving money, investing involves putting money to work in a way that has the potential to grow over time. The primary goal of investing is to increase your wealth over the long term. Setting Financial Goals Before you start investing, it’s important to set clear financial goals. Are you saving for retirement, a down payment on a house, or your child’s education? Set specific, measurable, attainable, relevant, and time-bound...