There are a lot of sources we can turn to for financial advice, tons of websites, articles, even a blog or two. Taking time to learn is important, but don’t ignore your common sense. Here are a few common sense tips for successful investing:
Start with your first paycheck, and continue through your last one.
Begin investing as soon as you can, be patient, and let time shower your investments with compound growth.
Cut Uncle Sam out of your picture.
Invest as much as you can in tax-deferred retirement plans, such as 401(k) plans. Your money will grow faster and you can afford to invest more now because you won’t have to pay taxes on the money until you retire.
Investing is a process, there are no miracles.
Your investment decisions won’t be right all the time, and some of your funds will underperform your expectations. But as you rebalance and weed out consistent underperformers over the years, you will generally achieve a reasonable overall investment return.
I am here to help you.
Seek professional help if you need it. As the fees on mutual funds shrink, professional advice is no longer expensive. Even if you are a do-it-yourselfer, consider a periodic checkup with a financial adviser to hone your portfolio’s performance.