For many people, investing is a necessity to grow one's savings and provide financial security in retirement.
A 'fabulous, simple solution' for beginnersTarget-date funds, known as TDFs, are the simplest entry point to investing for the long term, according to financial pros.
TDFs are based on age: Investors choose a fund based on the year in which they aim to retire.
Other 'solid choices' for novice investorsInvestors who want to be a bit more hands-on relative to TDF investors have other simple options, experts said.
Investing is not a game where the guy with the 160 IQ beats the guy with 130 IQ.
Persons:
Warren Buffett, Berkshire Hathaway, Christine Benz, Lee Baker, Baker, Carolyn McClanahan, Benz, Charles Schwab, Rowe Price, it's, McClanahan
Organizations:
Getty, Berkshire, Fidelity Investments, Morningstar, Apex Financial Services, Investors, Benz, Planning Partners, Fidelity, Vanguard Group, BlackRock, Finance, Young
Locations:
Atlanta, Jacksonville , Florida, U.S