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Finance Quick Answers

 

 

When is the best time to start investing?


The best time to start investing was 20 years ago. The second best time is today.
 

Investing can be a little scary but learning more about investing will help to ensure your future. Market corrections or downturns are a natural part of investing. So if the financial markets do take a plunge, simply relax and remember these investment tips:
 

  • Market slumps don’t last. Historically, markets have always bounced back and then some.
  • A buy-and-hold strategy works better than dipping in and out of the market. In general, plan to hold on to an investment for three to five years or more.
  • No risk, no reward. You don’t need to invest in get-rich-quick schemes to get ahead; however, try to take at least enough investment risk to outpace inflation and taxes.
  • Keep your eye on the big picture. What matters most is how well your whole portfolio is performing, not how well any single investment is performing.


 

 

Source: Loose Change 1999 calendar.

 

 

 

 

Written by:
Sandra McKinnon, Consumer & Family Economics Specialist, University of Missouri Extension

Cynthia E. Crawford, Ph.D., Consumer & Family Economics Specialist, University of Missouri Extension

 

 

 

 

 

 

 

 

 

 

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Last update: Monday, July 28, 2008

 

 

 


 
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