5 Must-Know Investing Rules for Newbies
Discouraged with the diminishing interest rate in your high-yield savings account? That's a sign it's time to up your wealth game and start investing. Granted, as you've probably seen on the news, the stock market's a little rocky at the moment. But that doesn't have to be a deterrent -- you can manage risk and set yourself up for success by following these five investing basics.
Buy-and-hold is an investing strategy that involves selecting positions you can keep in your portfolio for 10 years or more. It's a passive style that relies on long-term market trends to build wealth, rather than short-term price fluctuations. And those long-term market trends are impressive: The S&P 500, a group of 500 large company stocks, averages annual growth of 7% after inflation. That's more than three times what you can earn in the highest-yielding savings accounts.
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Source Fool.com
