Chapter 4. Weighing the Pros and Cons of Simple Investment Options

IN THIS CHAPTER:

  • Understand how basic investments work

  • Identify your investment personality

  • Select the right types of investments

You’ve set financial goals. You’ve also started eliminating debt from your financial life. This chapter marks the start of a big turnaround. We’ll show you how to proceed full-speed ahead toward reaching your financial goals. There’s a trump card that can go a long way toward getting you there. It’s called investing. But to use this tool correctly, you need to fully understand how it works.

To many people, investing is a scary word. We can recall our late grandfather shying away from any investment in which the value could fluctuate. To him, it all represented ...

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