Wednesday, August 6, 2008

The Plan

My plan looks like this:
Start Early: I won't get anywhere if I don't gain the benefits of compound interest.
Invest Often: I will transfer funds from my savings accounts to my investment accounts every two weeks.
Buy and Hold: I can't afford broker commissions for switching stocks around, so I'll be using a buy and hold strategy to try and pick winners and then hold on to them.
Diversify: I'll try and hold stocks and bonds from a variety of industry sectors to try and mitigate losses in any one area.

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