What to start investing? Here's what you need to know investinyou (In partnership with acorns.)
"Fewer instructions works better," added Ellis, an advocate of passive investing, such as index funds, over active investing. "Fewer decisions work better."
Starting slowly and understanding the importance of diversification and asset classes is what certified financial planner Crystal Alford-Cooper tries to impress upon her clients. "This is the age of distraction," said Alford-Cooper, who is vice president of planning at Glen Echo, Maryland-based Law & Associates. "In your mind, you need to stay away from the noise and stay focused and disciplined about the things you can control.""It's a little bit like 'how do you start eating ice cream?'" said Ellis, founder and former managing partner of Greenwich Associates.
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