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The head of digital at a $3 trillion financial giant shares 3 pieces of simple investment advice for millennials

Tobin McDaniel, senior vice president and head of digital and managed advice, knows all about messing up investing.

For many people, investing is a scary thing. The financial markets are complicated, and people don't want to lose all their money by messing up.

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Tobin McDaniel, senior vice president and head of digital and managed advice at Charles Schwab, a San Francisco-based brokerage firm, knows all about messing up in investing. In a recent conversation with Business Insider, he talked about how he lost a bit of money as a college student during the dot-com bubble in the 1990s.

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Following are three pieces of advice McDaniel has for young people looking to get started.

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