Sharon Nikaido and Roberta Moseley assist with conference registration. Also, buying penny stocks and day trading amounts to gambling. Smart investors don't gamble. They pick quality stocks for the long term. Business owners should fund a SEP or Keogh retirement plan.
High expenses reduce investment returns.
Clements advised buying stock the cheapest way possible through index funds. Investors must consider their risk tolerance, of course, but should keep at least half of their portfolio in stock, according to Clements. Even if a person is 65, they will probably live to 85 or 90, which is plenty of time to ride out market volatility. When the market does well, use some of the stock gains to replenish the safe money account. When an investor is within five years of their goal, funds should be withdrawn from stocks and moved to less volatile assets.