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The Major Investing Components |
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Select |
I -
Investigate investment candidates.
For new or beginning investors refer to
SmartMoney University (www.smartmoney.com/university)
and immediately discover how to get started |
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N -
Never consider a deal that
looks too good.
Check out the latest scams at the National Fraud Center (www.fraud.org)
and the Federal Trade Commission's Web site for
investor (www.ftc.gov/bcp/menus/consumer/invest/schemes.shtm) |
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Analyze |
V -
Value the price of investments
using fundamental analysis.
Check for easy to
understand, step-by-step instructions (www.moneychimp.com/articles/valuation/dcf.htm ) |
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E -
Evaluate investment candidates
using Internet-based information. Financial portals like
Market Watch (www.marketwatch.com)
and eliminate the need to go to several places to get comprehensive financial
information. |
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S -
Screen investment candidates
using online screening tools. Yahoo! Finance has convenient
screens for stocks, mutual funds and bonds (screen.yahoo.com/stocks.html) |
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Purchase |
T -
Trade online using a brokerage
that meets your individual needs. Read
Consumer Reports online broker reviews (www.consumerreports.org/cro/money/personal-investing/online-brokers-6-07/overview/0607_broker_ov.htm)
and select a broker that meets your unique needs. |
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O -
Open your mind to different
purchasing methods.
Find techniques for purchasing investments at
the lowest prices. You may want to try a direct stock purchase plan,
Sharebuilder.Com (www.sharebuilder.com)
has the details. |
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Monitor |
L -
Letting your portfolio "ride"
is a big mistake. Online portfolio management tools like those a
Reuters (www.reuters.com)
can help you increase the value of your portfolio |
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I -
Investigate your portfolio for
investment "overlaps". Using the Morningstar.com (www.morninstar.com)
online portfolio x-ray tool check for over-concentrations and avoid
investing mistakes. |
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Sell |
N -
Never expect a stock to go
straight up. Gain an understanding of how the economy affect the
market and the value of your investments by reading The Wall Street
Journal (www.wsj.com) |
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E -
Establish your personal
selling rules and reap your rewards.
Get a hold of the checklist Kathleen Sindell, Ph.D. has created at
www.kathleensindell.com/sellnow.htm and discover how you can make
the most of your investments by selling at the right time.
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