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Article:
Find a Methodology and Minimize Investment Madness by: Ulli G. Niemann There are many reasons to be investing these days, and too much opportunity to not have your money working for you. However, I believe the majority of people dread having to deal with investment matters, and tend to jump into purchases and then hold their breath hoping for the best. After a long day at work and taking care of the family, it's hard to get excited about reading up on your 401(k) options, Morningstar ratings and fund performances. If this sounds like you, there are basically 3 choices. You can have your investments professionally managed, you can continue as you have in the past & keep your fingers crossed, or you can find a methodology that objectifies the investing process (that's buying and selling investments) and helps you maximize your long-term results. To determine if you need help managing your investments(and this doesn't necessarily mean having to pay for advice) you might want to ask yourself these questions: => Do I really have the time and interest to follow the market closely on a daily basis? => Have I done well in the past managing my own investments? => Do I really want to add another layer of work and responsibility onto an already busy schedule? If you're like most people, you would answer yes to some and no to others, so how do you decide? If you think you could have or should have done better with your investments, then you need some help. Don't feel bad. Having counseled hundreds of people over the past 15 years I can honestly say that everybody needs some help, whether they are aware of it or not. Why? This could come as a surprise, but, in fact, your financial life is a lot shorter than your physical life? Most people who end up investing don't really start working and making money until they are about 25 years old. Considering the average retirement age of '65
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