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).