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In a Nutshell

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You can invest successfully and confidently if you establish four priorities:

 Do your homework. Develop an understanding of investment basics, such as the concept of the risk/reward trade-off.

 Develop good habits. Become a disciplined saver. Be a buy-and-hold investor. Resist the temptation to keep score too often.

 Avoid fads. Refrain from abandoning good habits in order to embrace the latest investment sensations. You can wipe out the gains of many years of patient investing by falling for a scheme or “sure thing.”

 Keep learning about investing. Stay abreast of new opportunities and protect yourself from developments that threaten your investments.

More Straight Talk on Investing

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