Basics of Backdoor Roth IRA Contributions
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TYPES OF INVESTMENT VEHICLES
There are various types of investment options like stocks, bonds, mutual funds, and real estate. Knowing how to allocate your investments across these options is valuable for maximizing returns and minimizing risks.
ASSET ALLOCATION
Asset allocation refers to the strategic distribution of investments across various asset classes such as bonds, stocks, or real estate to achieve a desired balance of risk and return. This important investment strategy assists in managing the risk associated with market fluctuations and volatility.
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