CNBC Acorns: “My ‘slow and steady’ plan to build wealth by investing my first $45,000 in the market”

CNBC Acorns, June 23, 2021 — In today’s issue of Acorns, reporter Helen Zhao writes: “I’m about to invest a huge chunk of my savings into the stock market for the first time. That’s something I’ve been putting off. Investing is challenging, emotionally and intellectually, and I’m terrified of losing my hard-earned money.

“I spent my 20s laser-focused on proving myself in my career and building my financial foundation. I’m in a good place now: I’ve got a $45,000 cash reserve sitting in the bank that I can invest, separate from my retirement fund, emergency savings, and wedding savings. I have no more excuses to delay building wealth.”

For insights, Helen turned to Marguerita Cheng, CFP® Pro: 

“Of course, we all want to be rich, but slow and steady builds the race,” says Marguerita Cheng, a CFP and the co-founder and CEO of Blue Ocean Global Wealth in Gaithersburg, Maryland. She and other financial advisors recommend that the bulk of your portfolio go towards low-cost, well-diversified assets, including index funds and ETFs. Once you’ve built up your core investments, if you want to put some of your money in exciting assets such as cryptocurrency or individual stocks, keep those to roughly 5%-10%.”

Click here to watch the video to find out how Helen got started investing in the stock market to build wealth for the long run and secure my future.