Wednesday, September 26, 2007

Game plan

I read the next chapter on investment from fool.com. The article was a little boring at first, so I won't hash everything. Here are the summary:

1. What is real return? You gotta consider tax, inflation (CPI, bureau of labor statistics)
2. You gotta know what your goals are: retirement, education, second home, etc.
3. Wanting to make it big in a short time instead of following a long term plan is as bad as gambling.
4. Don't invest money you need in the next 3 yrs in stock cuz it's pretty risky.
5. Know your investment style.

Alright, I'm being lazy today and will continue with stocks for the next chapter.

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