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One of the most common requests I receive is for investing help.In this article, I try to present just a few basic investing tipsto remember when you plan for your future through investing.1. Have a plan and know where you are going with your investments. Ifyou don't have a plan, how will you know if you are on track? Theprocess of creating a plan includes determining your current financialsituation, how much money you want to save, and by when.2. Diversify your investments. Create a balanced portfolio to help youstay on track and reach your goals.3. Beware of get rich quick schemes. If an investment seems too good tobe true, it probably is. Usually the higher the estimated return, thehigher the risk to you. Stick with time-proven ways to grow yourinvestments.4. Feel comfortable with your investment decisions. If the risk in yourinvestments keeps you from sleeping at night, they aren't worth it.Life is too short.5. Keep good records and check your statements each time youreceive them. Always question anything that doesn't look right orthat you don't understand. Read the Prospectus thoroughly beforeinvesting, do your research and understand how the fund works andall applicable expenses.Investing, if done properly is a key to your future wealth. So don'tforget to include these tips when you invest and watch your success.
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