At times investing can seem bewildering, but it is actually governed by principles that everyone can understand. Investing your money for retirement through your ICMA-RC account involves just a few basic steps. Use the helpful guides below to get started now.
There are many different kinds of investments—stocks, bonds, CDs, etc. In the long run, it depends less on which stock or bond funds you choose and more on how much of each kind you invest in. The first step is to Select a Portfolio — a planned mix of stock and bond funds — that best fits your needs. The portfolio you select will depend on the amount of risk you can tolerate.
Now that you have selected your portfolio it is necessary to choose mutual funds. There are many mutual funds available, so understanding how to compare funds will help you choose the funds that best meet your investment goals.
Once you have a portfolio you can stick with, you need to steer clear of common behaviors that have been shown to diminish returns over the long term and avoid common investing mistakes.