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Is It A Bad Idea To Invest Your Life Savings Into The Stock Market?
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[QUOTE="Mika, post: 248603, member: 29399"] If you want to invest and profit by investing, you need to follow certain rules. Rule No. 1: Diversify your investment Investment is a very risky business, in one moment you can become super-rich, and in one moment, you can become bankrupt. Therefore, to minimize the risk associated with the investment you need to diversify. Diversifying means you are not only buying stocks in different companies but also investing in other markets as well, for instance, real estate, mutual funds, etc. Rule No. 2: Do not invest the amount that you cannot afford to lose When you are investing, you should only invest the amount that you can afford to lose. What this actually means is if the market crashes and your investment becomes zero, you will still have some income sources to pay your bills. Therefore, you should not invest everything you have, you still need money for emergencies after you have invested. Generally speaking, it is quite unusual for your stock value to become zero, and even if you lose money, you will still have something left, but it is not advisable to invest your entire savings in stock. If you want to invest, make sure you still have some cash left. [/QUOTE]
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Is It A Bad Idea To Invest Your Life Savings Into The Stock Market?
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