Investing: Safe Path to Security or Dangerous Road to Debt? 6 Tips to Increase Market Odds (Technorati) Technorati | (Del.icio.us) Del.icio.us | (Digg) Digg | (Blinklist) Blinklist | (Comment) Comments (1)

When you’re first making the decision of whether to invest your money in the stock market, it’s always a good idea to weigh the possible risks and rewards. If you do your homework and are a conscious investor, though, you can tip the scale in your favor.

While you may feel like you’re in over your head if you’re embarking on your first investments, know that you have one major thing in your favor: no one cares more about your money than you do. That alone should serve as motivation for you to take the necessary steps to become an informed, knowledgeable and successful investor.

Ben Stein, the actor you may remember from shows like Saved By the Bell and Win Ben Stein’s Money, offers some helpful tips on how to Keep Your Cool in a Shaky Market. His article on Yahoo lists the following tips to help investors, or those looking to invest, make rational decisions:

1. Don’t panic.
2. Keep plenty of cash on hand at all times.
3. Stocks don’t always fall for a good reason.
4. Put not your trust in princes.
5. Diversify.
6. The long-term direction of the market is up.

Read Ben Stein’s article for more detail about each of these tips. For those of you that already invest, I’d like to hear what tricks have worked for you. How do you go about making potentially difficult decisions when it comes to the stock market? And what tips do you have for others?

22Dollars - Personal Wealth Management
Stock Quotes and Growing Personal Wealth by Managing Your Own Money! 22dollars is your online source for investment ideas, stocks analysis, business and other worldly issues. Geared towards the young professional, this site will be written by successful young professionals who are ambitious and driven to succeed in life, cause in the end - no body cares more about your money than you.

1 Comments - Post your comment below.

Josh Wagnetar
Apr. 12, 2007

The Trick is put your money in and forget about it. Even if the market takes a dip, its almost guaranteed to go back up!

Great article.

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