Before Investing, Ask Yourself This Simple Question

Before Investing, Ask Yourself This Simple Question

To invest for the future, it means you're cutting back on today's spending. That $100 per month that goes into your workplace savings plan means you or a loved one may have to do without new skates this year. There has to be some reason why you don't simply spend that $100 today.

Asking the question is the first step to creating an investment plan; a plan that will put into words your tolerance for risk, the timing — long-term or short-term — and tactics — investment products and strategies — required to meet your goals.

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