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A guide to investing
By Jeff Lakie
Everyone seems to have their own secret or strategy or trick to making
money in the stock market. Here are two strategies that have helped
many people.
1. It's your time, how do you want to spend it?
Some people suggest high risk investments and watch them all day.
Others say that simply buying good quality mutual funds and hanging
onto them for a long time is the best option.
One of the deciding factors for you in developing your investment
strategy should be the amount of time that you are willing to spend on
monitoring your investments. There is nothing wrong with investing in
high-risk investments if you have the time to spend researching,
analyzing, and monitoring the price movement. There's also nothing
wrong with the "buy and hold" method, if you do not have the time to
spend on watching your investments.
The people who have been very successful in investing are able to
match their investment style with the amount of time they can spend on
investing.
2. It's your money, how much can you risk?
The people who have lost everything on the stock market were not
careful at managing their money. The stock market is not a gamble, if
you're careful. But you need to be careful in what you buy and how
much you buy.
You can decide what is right to buy based on the amount of time you
want to spend in the market. Knowing how much to buy is another
issue. Don't put more into your higher risk stocks than you're willing to
lose!
You may find greater safety in buying mutual funds or bonds and if you
have money you don't want to see disappear, those are probably good
options for you. If you are sitting on your children's education fund,
you probably do not want to be sinking that in stocks that could
potentially gain or lose as much as 50% in a day!
Knowing how much time you have to spend on your portfolio and how
much you are willing to risk are two strategies that can help you make
wise financial decisions when it comes to investing.
About the Author
Jeff Lakie is the founder of Investing Resources a website providing information on Investing
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