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Long-term investing

Learning to be financially disciplined can set you on the right path to successful long-term investing. Long-term investors enjoy the benefits of compounding, as well as lowering taxes and commission costs.

Thrifty living
Barty Phillips.
[Chicago] : McGraw-Hill, 2010.
Thrifty Living is a Practical, flexible guide to cutting the costs of everyday living, saving money and even making a few extra pounds. No matter what your level of income, it will allow you to make as many or as few changes as you want, and will help you to make living cheaper and more fulfilling. Book jacket.
     
The ultimate suburban survivalist guide : the smartest money moves to prepare for any crisis
Sean Brodrick.
Hoboken, N.J. : Wiley, 2010.
An innovative crisis protection guide from the experts at Weiss Research.- If you want to continue your lifestyle AND make smart money moves, then The Ultimate Suburban Survivalist Guide is the book for you. Saving money and profiting means understanding the many aspects of life where problems can strike, and this book will be your guide. In the face of disaster it is better to plan than panic. A bulletproof plan will protect you from the disastrous surprise of a mishap-from shakeups in the stock market to the next oil crisis to fires and floods. Author Sean Brodrick of Weiss Research reveals the simple things you can do that will help you prepare and profit in this changing economic landscape. The Ultimate Suburban Survivalist Guide is your tool to understanding a myriad of key concepts. Offers practical advice for overcoming some of the worst possible disasters. Contains in-depth information on protecting yourself, your family, and your assets from uncontrollable events. Details money saving strategies that will help you get through the difficult times. The time to plan for any crisis is before it happens. The Ultimate Suburban Survivalist Guide is filled with the tips and tools you'll need to survive potential disasters and save money during tough times.
     
Money secrets of the rich : learn the 7 secrets to financial freedom
John R. Burley.
New York : Morgan James Pub., c2010.
Burey found that the books on money either went one of two ways. They were either too technical that once you were done reading them, you had to do a bunch of research in order to even begin, or they were very motivational but didn't tell you what to actually do. Money Secrets Of The Rich strives to be anbsp; book that does both.
     

One of the basic tenets of investing is diversification. An investment portfolio should not be just one opportunity. Instead, consider owning a mix of large-, small-, and medium-cap stocks and mutual funds, as well as some fixed-income securities (bonds).

Make your own investment decisions based on research.

  • Review stocks past 52-week charts.
  • Regularly read financial publications.
  • Checkout independent research sources
  • Use information from Missouri's Secretary of State.

You want to solidify your financial future. Be aware of opportunities available for creating or increasing retirement savings. Start changing your investing habits in order to provide for retirement years.

Get into the habit of saving money on a regular schedule. Saving as little as only $25/month is a beginning. Little steps do add up. Should you consult a financial planner? A qualified planner will help help you customize long-term investing for retirement by asking you to consider:

  • When can I afford to retire?
  • Will I have enough saved by retirement?
  • How much can I spend in retirement?
  • Which investments are best for me?

No matter what you decide to do for long-term investment, within a short period of time, your dollars hopefully will multiply. It is never to late, or too early, to start a long-term investment plan!

Article by: St. Louis Public Library staff