If you are new to investing, here are a few
basic rules to keep in mind as you venture forward. As you know,
there are no guarantees when it comes to investing, but following
these tips as well as heeding the advice of your Investment Planner may
help you stay out of trouble.
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Know yourself, your timelines, and your
risk tolerance |
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Stick with investments that you can
understand and evaluate |
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Avoid get rich quick schemes that promise
riches without effort
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Be willing to keep what you buy |
Never accept an
investment that must be sold under pressure
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Consider investments that have "utility
value" (they are useful to someone else) |
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Do not count on selling the investment to
make payments on it |
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Do not risk more than you can afford to
lose
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Remember - if it
sounds too good to be true, it probably is