5 Signs You’re Ready to Start Investing – The Motley Fool
The stock market is a terrific way to build great wealth over many years. Approach it with your eyes open, though.
As with so many things in life, it’s important to be ready to invest before you do so. Jumping into the stock market without thinking about it is not a plan for success, just like sharply curbing your eating without learning more about weight-loss methods isn’t the best way to go about trying to lose weight.
Losing weight and getting better with money are two popular New Year’s resolutions. You’ll have to decide for yourself if you’re ready to try to lose weight, but here’s a look at five signs that you’re ready to invest.
1. You have a long-term focus
It’s easy to say you understand that it’s important to invest for the long term, but it’s not always easy to walk the walk. I’ve blundered along these lines, myself — for example, buying into a company that seems poised for great things, but then selling out of it after a year or so of underwhelming performance or even…
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