It will help you discard many potential investments that may perform poorly overtime or that are not right for the investment goals you are looking to achieve. Having an investment strategy is like having an instruction booklet guiding you through the investment process. So, if you are at step 3 and ready to invest in the stock market, what stocks do you buy? Plan on investing in stocks for at least 5 years.Invest a fixed dollar amount each month in the stock market.Have at least 3 months of expenses saved in cash.Stop paying high interest rates on credit cards and other debt.Most financial planners agree that the following are the beginning steps to a successful investment strategy: The Importance of Defining Your Investment Strategy Creating an investment strategy should be your #2 step after you learn some of the basics of investing in the stock market like how to read stock quotes and how to buy stocks and other “getting started” info found here. Although they are not required, they significantly improve your chances of winning. Investing your money without an investment strategy is like a football team going into a game without a playbook. We generally spend a decent amount of time planning for our workday, a vacation, and buying a car, but we often forget the most important plan of all: mapping out our investment strategy and plan for growing old and retiring. A 25 year old should have a different strategy then a 65 year old. But it is very important that you find the one that's right for your objectives and situation in life. Your Investment strategy is like your game plan to building your portfolio. What Are Penny Stocks And How Do They Work. 8 Questions To Ask When Choosing A Broker.Interactive Brokers Review – Here Are the Facts.5 Stocks Set to Double (Zacks Free Picks).
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