What's the first step for someone starting to invest?

A1: Starting your investment journey begins with setting clear, tangible goals, such as saving for retirement or building wealth, and understanding your risk tolerance. Mutual funds emerge as a compelling option here, offering a way to diversify across various assets with a single investment, which can be tailored to match your risk appetite and investment horizon. Mutual funds simplify entering the investment world by pooling resources with other investors under professional management, aiming to strike a balance between risk and return which would be noted in a fund’s prospectus.

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