Although learning how to invest can seem like a daunting task, putting your money to work while you sleep is a key step to gaining financial independence and retiring comfortably.
And, it doesn’t have to be scary. Anyone can develop a smart investment strategy by following a three-step formula, according to Ray Dalio, a renowned investor and founder of the world’s largest hedge fund, Bridgewater Associates.
Today, Dalio is worth an estimated $18 billion according to Forbes, but he founded Bridgewater Associates in his two-bedroom apartment in New York in 1975. From its founding through 2017, Bridgewater returned the biggest cumulative net profit for a hedge fund ever, according to data from LCH Investments.
For anyone new to investing, here is Dalio’s three-step advice to get started.
Billionaire Ray Dalio shares a 3-step formula for anyone to start investing