1. Determine your investment timeframe
Remember, investing is for the long-term. If you think you’ll need your money in fewer than five years, investing may not be for you. The longer you save, the more time you’ll have to let returns compound as share prices rise. Any shorter than five years increases the risk of your portfolio going through a period of loss from which it cannot recover within your timeframe. In this instance you would be better off putting your money into a high-interest savings account.
Lloyd Blankfein, me, the owner of cnntopnews, have a business management degree. Have 3 years of articles write.