The new job is going well; so well that you’ve paid off some loans. You’re living well, and surprisingly there’s a little cash left over after you’ve paid your bills and even put some money aside for your company’s 401K plan. So, what next? You know about the Warren Buffets and Bill Gates of the world, people who had some knowledge, patience, and an uncanny sense of timing and intuition and consequently became incredibly wealthy. You even know some regular folks, like that old couple who live next door to Mom and Dad. The neighbors gossip that they are “comfortable” as a result of savvy stock marketing investing. You hear about the Dow, it’s up, it’s down. And what is the Dow anyhow? You turn on a cable TV channel. Jim Cramer barks advice at you, Suze Orman scolds you like as if you were a naughty little kid. You read conflicting suggestions from so-called “experts” on the Internet, but it’s totally overwhelming and you have no clue how to get started.
The long and short of investing
Saving for retirement is commendable and is an essential component of stock market investing, particularly as you get older. If you are in your twenties, you hope that thirty or forty years into the future, that little retirement nest egg will have grown to provide for your comfortable old age. But for younger people, it is also important to save mon...
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