|
In this unit we have discussed basic financial concepts that you need to understand before becoming involved in an investing program. You’ve learned about the difference between saving and investing, the predictable trade-off between risk and return, the importance of time to an investment program, and about asset allocation. In addition, you looked at various aspects of your personal situation and their possible impact on your asset allocation decisions. The Action Steps for this unit suggest important actions for you to take to establish a solid foundation for future investing activity. Once completed, you will be ready to begin developing a personal investment plan. A necessary part of the plan is locating dollars to invest. The next unit will help you meet that challenge. Work on the Action Steps now to get started. |