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How to use "Core and Satellite" strategies to balance risk.

Often have "minimum initial investment" requirements (e.g., $3,000). ETFs (Exchange-Traded Funds) Best for: Flexibility and tax efficiency. Trading: Bought and sold throughout the day like stocks.

Start with a "Total Stock Market" or "S&P 500" fund to ensure instant diversification.

Understanding the difference between a mutual fund and an ETF.