The best way to start investing is to first educate yourself on the different investment options available and determine your investment goals. Begin by researching different investment vehicles such as stocks, bonds, mutual funds, and ETFs, and alternative investments. You should also consider the level of risk you are willing to take before making any investment decisions.
One good option for beginner investors is to start with a low-risk investment such as a mutual fund or ETF that tracks the performance of a broad market index. This can provide a good foundation for building your portfolio and getting familiar with investing. It's also important to consider the fees associated with each investment option, as fees can eat away at your returns over time.
Another important consideration is to start investing early and consistently. The power of compounding can significantly increase your investment returns over time. For example, if you invest $5,000 per year with a 7% annual return, you could have over $1 million in your portfolio after 40 years.