by William Bond

Created on: February 02, 2008

The most important part of your investing education is to start small, and each day learn a little more about investing, and your confidence will grow along with your money. First of all the number #l rule in the study of investing is that their are no guarantees, that stocks or bonds, can go up and down, there is no perfect strategy, but if you fail to develop an investment program, it will difficult to retire in the future. There are two Rules for investing, #l is never lost the money, #Rule 2 is never forget rule #l. First tip: I would open a saving account at your local bank, and each week, put into $l5-20 and try to get the highest interest rate on the account. By putting $20 in each week you will have over $l,040 in one year. This can be your emergency fund, and when your car needs repairs, you and take it out of this fund rather than use your credit cards. When you keep it in the bank until you get 72% in interest you will double your money. This is one of the mysteries of investment-the rule of 72%. Second tip: When your employer offers you a 40lK at work, sign up for it as soon as possible, this can be the beginning of your successful investing program for your future. The 40lK plan will take any portion of your weekly paycheck and put it into your account. Let's say you can afford, $50 a week into your 40lK, and your employer will deduct this and you will not pay any taxes on the amount deducted. You can choose between various mutual funds, such as: stock, bonds, international funds, or you can put it all in a safe money market fund if you like. This money will build over the years of your life, and can become a large amount of thousands of dollars if you keep putting the money into your account. Third tip: Keep tract of your investments in your savings account, 40lK account on a regular basis. Take another job part time to put more into your investments. Become an educated investor, by reading financial newspapers,read books on investments, talk with other friends, associates, about their experiences with investing. Consider taking an accounting course at your local community college or business school to round out your education in business and investing. Fourth Tip: The future is bright in your investment life. Good Luck.

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