Here are some things to consider doing. Some items may not be applicable to you.

Investments

Before investing:

  • Pay off consumer loans (car, etc.)

Investing:

  • Keep no more than a percentage approx. equal to your age in fixed-income investments
  • Try to invest only in socially-conscious stocks and mutual funds
  • Don’t invest in anything you don’t understand
  • Don’t invest in anything quickly
  • Don’t hold onto an investment for sentimental reasons

If you consider yourself an aggressive investor:

  • Invest a percentage of your investments in stock funds which is equal to 120 less your age; invest the rest in bonds

If you consider yourself a moderately aggressive investor:

  • Invest a percentage of your investments in stock funds which is equal to 110 less your age; invest the rest in bonds

If you consider yourself a conservative investor:

  • Invest a percentage of your investments in stock funds which is equal to 100 less your age; invest the rest in bonds

If you’re considering investing in real estate:

  • Avoid paying more than approx. seven times the projected annual rental income for the property

If you suspect fraud:

  • Contact the National Fraud Information Center at (800) 876-7060

Comments


  1. On April 26th, 2009, Forreals said:

    I agree. This is for reals.

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