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Will You Buy, Hold, or Sell Stocks In The New Year?

Posted by James Hendrickson on Feb 3rd, 2014 · 4 Comments

Stocks In The New Year, stock market, investment

There’s a saying, trees don’t grow to the sky. What does that have to do with investing? Everything! Especially after a year in the stock market like 2013 was. Based on the S&P 500 index, the market returned 32.39% last year, when dividends are added in. That’s an extraordinary year. But just like trees, the stock market won’t go up for ever. With that in mind, are you planning to buy,...
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Here are some simple guidelines that will help you build wealth:

1) Do the math. Get a budget and calculate your net worth

2) Get an emergency fund. Save at least 6 months worth of expenses

3) Limit costs. Spend no more than 30% of your income on housing

4) Max your retirement. Maximize contributions to your tax-deferred retirement accounts

5) Pay yourself first. Set aside money for yourself before you take care of your other bills

6) Set goals. Goal let you get ahead faster

7) Avoid high interest debt. Avoid credit cards, title loans and other usurious loans

8) Diversify. Diversity your assets.

Will You Buy, Hold, or Sell Stocks In The New Year?

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