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Are You Ready To Start Investing?
Posted By Ron On June 29, 2010 @ 5:00 AM In Investing,Saving Money,Tips & Techniques | Comments Disabled
Moving from saver to investor is a big step. Even though you’ve selected the brokerage company  that works best for you and your situation, there are still some other considerations.
It’s crucial to only invest  money you won’t need in the immediate future. Investments fluctuate in value, so you don’t want to find yourself forced to sell at a time when the value of your investments has temporarily declined. To determine whether you have enough money to begin investing, follow these steps:
Consider investing only if you have already established an emergency fund  and have achieved your other major savings goals, such as saving for a first home . Most people don’t start investing substantial amounts of money until they own their own home. One exception to this is retirement investing: smart people start investing for retirement as soon as they start working – usually through IRAs or workplace sponsored retirement accounts, such as 401(k)s or employee stock purchase plans.