If you’re just beginning your investment journey, we want to help. We’ve broken things down into smaller tasks to help you take your first steps and get underway.
Knowing your goals is easier than it sounds. It starts with some basic questions. You don’t need to have a big, complex plan – just start by making a list of what’s going on in your life and why you started thinking about investing.
You may think about:
Whether you work with a financial professional or create your own plan, knowing your goals can help guide your investment decisions and build your confidence.
Want to learn more? Go to our insights series of articles on investing.
Once you’re familiar with your goals, you’ll want to think about how to approach the various investment choices ahead. We find it helps to understand your individual tolerance for risk and market volatility. We call this your investing style. Knowing your style can help you choose funds with confidence.
We’ve prepared a few questions to help you assess your investing style.
Your account will hold your mutual funds. Before you can buy or add funds, you’ll need to choose an account type, and open an account. To support different goals and life situations, we offer different types of accounts. To choose the account that’s right for you, consider your goals. You can also create multiple accounts if you need.
We offer these type of accounts
Once you have an account, you can start investing by purchasing mutual funds. We offer a variety of funds to help you invest in ways that suit your style and tolerance for risk. We’re ready to help you find funds that fit.
You don’t need a lot of money to start investing. Getting started is the important thing.
What am I buying?
We offer a variety of no-load mutual funds. When you buy from us, you’re buying shares in the Thrivent mutual fund of your choice.
Learn more about mutual funds.
How much does it cost?
When you buy shares in a mutual fund, the price of your shares is based on the overall value of the mutual fund’s assets at the time, which is used to calculate the Net Asset Value per share on a daily basis. The overall value of a fund can move up or down daily, depending on how the individual stocks, bonds or other securities in the fund are performing in the market. You should also be aware of the fees and expenses associated with mutual funds. Information about this can be found in the prospectus.
How do I know I’m getting good value?
Rather than focusing on the current price of a fund, consider its value over time. If the overall value of your mutual fund shares increases from your initial purchase cost, you can sell your shares and take the profit (minus any sales charges, fees, or taxes). This is one way your investments can grow in value over time.
How do I buy?
You can open an account and purchase mutual funds right on our site. Opening an online account takes just a few minutes. You’ll want to have these things handy:
Investing early is smart. And, investing a little each month can be worth it.
If you invest $50 a month, you’d have contributed $600 over a year. And, through time and the power of compounding your $50/month – you could ultimately build a sizeable investment fund over the decades ahead.