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I Need to Learn How To Invest In The Stock Market

I have avoided it for over 20 years, and it's about time.

I understand the basics of cutting my losses short (hey I do that in business all the time). Some words of advice from an investment pro:

"What you need to decide is how much of that initial investment you are willing to lose. When you reach that point, don't start thinking that you can make it back - most of the time you will lose a lot more money! Write down your risk amount in an excel file or just put in a stop order - just cut your losses short before you lose it all!"

I also understand the basics of diversification (hey I do that in business all the time). Some words of advice from an investment pro on Diversification:

"This is one of the most important lessons in investing and trading. You always need to diversify your portfolio. Don't put all of your eggs in one basket. You should own more than one stock at a time in your portfolio. Diversification also refers to investing in different sectors of the market."

Okay .. I got 2 basics thoroughly understood. Anyone out there have some more suggestions before I get started?

Hey .. which should I pick to get started?

The Wall Street Journal Online
USA TODAY - 20% off Newsstand
The Financial Times - Business Insight
Investors Business Daily Newspaper - IBD

Labels: Investments, Investor Business Daily eZine