Tip #1: GO THROUGH THIS CHECKLIST FIRST
Before you get serious about investing in stocks or mutual funds, there are a few things you want to take care of first. To use another cooking analogy, you want to make sure that you add the right ingredients at the right time so that your plan doesn’t come out half-baked. Before you invest, make sure you do the following:- Get an emergency fund in place that can support you for three to six months.
- Investigate the retirement plan offered through your employer.
- Take advantage of any free money offered by your company’s 401(k) or tax-deferred plan.