Picking up Nickels

Monday, November 06, 2006

How To Be a Smart Investor

The Parade Magazine that came with yesterday's Sunday Boston Globe had a nice article by Lynn Brenner about a basic investing strategy: How To Be a Smart Investor.

The article summarizes five main steps toward becoming a successful investor:

  • Determine your goal
  • Make a plan
  • Rebalance your investments
  • Shop around
  • Keep it simple
I'm a big fan of using a simple investment plan with low cost index funds to build wealth, and this article is a great place for notice investors to start (perhaps followed up by The Bogleheads' Guide to Investing).

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