What is the best investment plan or rule that you know of?

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Answer 1 · 2016-01-15 15:42:05

Brian Kelly, Resident Financial Planner

@BrianKelly1 • 01/15/16 This answer was first published on 01/15/16. For the most current information about a financial product, you should always check and confirm accuracy with the offering financial institution. Editorial and user-generated content is not provided, reviewed or endorsed by any company.

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“Every investment dollar should have a purpose, and should be invested according to that purpose. “

In other words, your investment decisions should be based on the time horizon and the liquidity needs for the goal. Short-term goals need more liquidity and less risk than longer-term goals.

Answer 2 · 2016-01-15 05:39:31

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Erik Carter, Senior Resident Financial Planner

@ErikCarter • 01/15/16 This answer was first published on 01/15/16. For the most current information about a financial product, you should always check and confirm accuracy with the offering financial institution. Editorial and user-generated content is not provided, reviewed or endorsed by any company.

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There are three important universal rules to follow when it comes to investing:

1) Make sure your investment mix matches your risk tolerance.

2) Minimize your fees and other costs.

3) Stick to your plan regardless through thick and thin.

Here are some simple, lost cost ways to do that.

Answer 3 · 2016-01-15 05:29:44

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Dmitriy Fomichenko, President, Sense Financial

@dfomichenko • 01/15/16 This answer was first published on 01/15/16. For the most current information about a financial product, you should always check and confirm accuracy with the offering financial institution. Editorial and user-generated content is not provided, reviewed or endorsed by any company.

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Don't put all your eggs in one basket. You need to diversify your investments to lower the risk. The allocation of your assets can also change depending on your age, income, and other factors, so be sure to make adjustments along the way.

Answer 4 · 2016-01-15 02:02:34

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Larry McClanahan, Financial Advisor

@LarryMcClanahan • 01/15/16 This answer was first published on 01/15/16. For the most current information about a financial product, you should always check and confirm accuracy with the offering financial institution. Editorial and user-generated content is not provided, reviewed or endorsed by any company.

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"Buy low, sell high." Easy to say, hard to consistently implement.

What is the best investment plan or rule that you know of?

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