Investing is a gamble and if you are going to participate you have to understand that. If you do your homework the odds are better than Las Vagas, but there still are winners and losers. Before you even place your money on the table, there should be a few key decisions you should make. First are you skilled enough and have the time to invest on your own without an advisor. The second thing is how much money do you need to live in comfort. The second reason might determine if you need to get into the market at all. If you have a large enough nest egg you might earn enough on an FDIC, CD or some type of insured savings. CDs these days range from 4% to 5% depending on its life span. Just really study before you sign on the dotted line.
|