Investing 1st Time | AFBA

Investing for the First Time

No matter your age, now is always the right time to begin investing. Money earns interest over time, and the longer time you have to invest the more financially secure you and your family will be.

Yet deciding how and where to invest your money for the first time can seem daunting.

Whether you're starting out at a young age, or investing later in life, the first step is to identify your financial goals and develop a plan to reach them.

First, review our comprehensive Financial Planning Guide, which offers step-by-step outlines to help you get your current finances in order. Our guide will help you understand your options and plan for your financial goals and objectives.

Then, consider our variety of financial products designed to help you meet your investment goals at any stage in life.

Mutual Funds

If you want a potentially higher rate of return, and are comfortable with a higher level of risk, mutual funds offer the option for managed investments to help you meet your financial goals and objectives.

Individual Retirement Accounts

An IRA is a quality investment choice for long-term planning, providing you with options for periodic contributions of money that best fit your goals.

With long-term planning and consistent contributions to the fund, your IRA can grow over time to provide financial security for you and your family upon retirement.

Savings Accounts

A secure, accessible location to earn interest on your money is a key component of any financial program.

Money Market Accounts

A money market account is a good option for saving if you want to receive a higher interest rate than a checking account, with limited check writing privileges, but still want to receive all the benefits of a savings account.

Certificates of Deposit

If you prefer saving your money long term with a guaranteed return, CDs offer increasingly better interest rates based on the best term for you. Your CD interest is guaranteed for the term of the CD regardless of changing market conditions so you know your money will grow without constant supervision.