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Released: June 02, 2011
Three things to consider when you start investing
Source: Matt Krantz, USA Today
Q: I have $700 I'd like to invest. What three things should I pay close attention to when getting started? A: Judging from the number of questions coming from beginning investors, it's clear the recent bull market for stock has caught folks' attention. When the stock market starts to go up, including its roughly 100% rise from the bottom in 2009, more savers wish they were investors. During a bull market, it probably bothers you to see your $700 sitting in a savings account collecting next to no interest. You might even start wishing you would have invested your $700 in stocks, as you'd have almost doubled your money. But you're wise to take a moment to think about what you're doing before just impulsively jumping into stocks. One thing to keep in mind is that as more people get interested in stocks, historically, it can be a bad time to get started. It's human nature, but investors like to buy stocks when stocks have been rising.Read Full Article: Three things to consider when you start investing
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