April 2015
Beginner
360 pages
9h 58m
English
Content preview from Investing for Dummies, 4th UK Edition
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Chapter 22
Ten Helpful Hints for You
In This Chapter
Achieving your goals
Protecting the essentials
Working out your timescale
Going to sleep happily
When it comes to investing, you won’t be 100 per cent right in what you do even if you read and inwardly digest every word of this book, or even dozens more volumes as well. But if you figure out nothing else about investment, the key lesson to remember (and here you can score maximum marks) is that it’s your money, your needs (and the needs of those who depend on you) and your life that count. Losing your hard-earned savings is, sadly, much easier to do than growing them. So stop everything you’re doing and don’t invest a penny until you’ve read this chapter.
Define Where You Want to Be
Really basic questions here: what do you want from your money? Who do you want to benefit? And can you afford to lose anything? Investing isn’t a game like rugby or bridge where you hope to score more than your opponents.
Always know what you want and where you’re going. Don’t be afraid to say that your aspirations are modest. And don’t be nervous ...
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