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The Pocket Idiot's Guide™ To Direct Stock Investing by Lita Epstein, Douglas Gerlach

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Why Automatic Investing Works

By deciding to have money taken out of your bank account automatically on a regular basis, you make a commitment to build a portfolio without having to remember to write a check. It’s the easiest way to get started and it helps you to avoid making excuses for not investing one month. People tend to find reasons to skip or forget an investment if they actually have to write out a check each month.
You can set up an automatic electronic funds transfer (EFT) that will help you avoid the temptation of putting off an investment. Since it takes effort to cancel an EFT, you’re more likely to just figure out a way to work around it. Of course, if an emergency comes up and you must stop investing automatically for a short ...

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