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<blockquote data-quote="Walking W" data-source="post: 1757276" data-attributes="member: 24986"><p>I'm nearly 68 now and have been investing nearly ever since I started working back in the 70's. There are several things I would tell a new investor. 1. Save as much as you can. Take control of your spending. Know where your.money goes. You will he surprized how much you wasting your money on things you don't want or need.</p><p>2. Make sure you have good medical insurance. Medical bills are a major cause of bankruptcy.</p><p>3.make sure you have an emergency fund in cash before you think about investing.</p><p>4. Your first investments should a the lowest expense ratio broad market funds or ETF's (think SPY for the S&P 500) you can find. I use ETF's for a major part of my investments, even though I have the ability to analyze publicly available corporate data for myself.</p><p>5. After the first 4 are covered, I invest some in higher risk/reward individual stocks. Not Crisper which really is like a lottery ticket. More like Amazon, Apple, Chevron, Wells Fargo.</p><p>6. A very amall amount can then be placed on the real roulette table of stocks that may either go great or bust.</p><p></p><p>Just my two cents.</p></blockquote><p></p>
[QUOTE="Walking W, post: 1757276, member: 24986"] I'm nearly 68 now and have been investing nearly ever since I started working back in the 70's. There are several things I would tell a new investor. 1. Save as much as you can. Take control of your spending. Know where your.money goes. You will he surprized how much you wasting your money on things you don't want or need. 2. Make sure you have good medical insurance. Medical bills are a major cause of bankruptcy. 3.make sure you have an emergency fund in cash before you think about investing. 4. Your first investments should a the lowest expense ratio broad market funds or ETF's (think SPY for the S&P 500) you can find. I use ETF's for a major part of my investments, even though I have the ability to analyze publicly available corporate data for myself. 5. After the first 4 are covered, I invest some in higher risk/reward individual stocks. Not Crisper which really is like a lottery ticket. More like Amazon, Apple, Chevron, Wells Fargo. 6. A very amall amount can then be placed on the real roulette table of stocks that may either go great or bust. Just my two cents. [/QUOTE]
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