Investing Unit 2: Action Steps

• Introduction
• Unit 1: Basic Building Blocks of Successful Financial Management
• Unit 2: Investing Basics

• Saving and Investing
• Risk
• Diversification
• Dollar-Cost Averaging
• Time-Value of Money
• Asset Allocation
• Investment Preferences
• Summary
• Action Steps
• About the Author

• Unit 3: Finding Money to Invest
• Unit 4: Ownership Investments
• Unit 5: Fixed-Income Investing
• Unit 6: Mutual Fund Investing
• Unit 7: Tax-Deferred Investments
• Unit 8: Investing with $mall Dollar Amount$
• Unit 9: Getting Help: Investing Resources
• Unit 10: Selecting Your Team of Financial Professionals
• Unit 11: Investment Fraud

• Study Guide
• Action Steps
• Monthly Investment Messages
• Glossary

Action Steps – Check each action step as it is completed

Investing Action Steps

Review your current financial holdings and determine if they are in saving or investment vehicles.

Determine the rate of return for your current financial holdings.

Establish short-, medium-, and long-term financial goals for you and your family. Estimate the length of time between now and when you want to achieve each goal.

Complete the “What are Your Investment Preferences?” exercise to identify your characteristics and needs as an investor.

Set aside time each week to read one of the family financial magazines recommended in Unit 9.

Assess your interest, skill, and time to make decisions about your investment plan and portfolio. Proceed on your own or seek assistance.