When the average small investor is looking to start an investment portfolio, they need to pay attention to a few key points.

When planning for major goals like education, buying a home, and retirement, you need a broad understanding of personal finance to include all areas of your financial life: spending, taxes, saving and investing, insurance, All too often, financial advice ignores the big picture and focuses narrowly on investing. Because money is not an end in itself but a part of your whole life, connecting your financial goals to the rest of your life is important.


That is where Wall Street Cheat Sheet.com comes into focus, providing constant new tips and information related to  getting the facts fast and accurately when it comes to investments, and keeping in mind the big picture, your personal needs for you and your family. You need a broad understanding of personal finance to include all areas of your financial life: spending, taxes, saving and investing, insurance, and planning for major goals like education, buying a home, and retirement. The following keys to success aren’t a magic bullet, but they can help you get started thinking about the big picture.


Here are just a few tip to keep in mind:


First of all remember to   Invest in yourself and help  others, along the way.  Invest in your health, education,  and your relationships with family and friends. Remember having a lot of money is worth nothing without the good health to enjoy it .If you don’t have your health and people with whom to share your life,  then it is simply and empty vessel. Devote some of your time and money to causes and events that tend to  better our world we live in, near and far.  Be content with what you have, but seek good opportunities in areas that you are familiar with.


   Always remember to  Live within your means and don’t try to keep up with the Jones’ or your neighbors, and peers. Many who buy beyond their means  are borrowing against their future;  and remember that you can end up completely broke.


Remember you  are in control of your finances take advantage of that knowledge. A  Non decisive attitude is a detriment to  your long-term financial health. Don’t wait for a problems to occur or major life event to get your act together.


    Save and invest  about 10% of  your income, after taxes.  Do your investments  through a retirement savings account to reduce your taxes and make sure your plan for financial independence.



  Always do  Research before you buy. Never purchase a financial product or service on the basis of an advertisement or salesperson’s solicitation.


    Don’t buy consumer goods (cars,  trips , dress clothes, etc.) that lose value over time on credit. Use debt only to make investments in things that gain value, invest in a business  your advancement of an  education.


    When using  credit cards , remember that they should only be used for ease and  convenience, not for carrying debt. If you  are a person with a tendency to spend and  run up credit-card debt, then get rid of your cards and use only cash, or debit cards.


    Understand and use your  rights and benefits as an employee .  If  self-employed, look for the best options available to you investment and insurance  and  put them to use.


If  you’re not sure , then don’t act on an impulse .Be wary of the  purchase of  any financial product that you don’t understand. Don’t be afraid to ask a lot of questions and compare what you’re being offered to other  sources and similar products.



At all costs, try to avoid financial products that carry high commissions and expenses.  Usually these  Companies try to  sell their products through aggressive sales techniques generally have the bottom end  financial products and the payout very high commissions..


  The majority of your long-term investment  money  should be in a position that has appreciation potential, like real estate, or emerging growth company stock, gold, and other commodities that tend to hold their value.   Perhaps it is better spent investing in your own business. Also remember that when you have an idle bank accounts or invest in bonds or, you’re simply lending your money to others, it is a marginal investment at best.



    When making investment  decisions based upon your goals  and the long-term needs as a whole you need to see the big picture of what you’re buying. Ignore the e advice offered by financial consulting firms with no reputation. Don’t make  quick decisions based on news headlines, or press release that you come across



   Try to keep from making emotionally based financial decisions. Let’s say you are an investors who panics and sells their stock holdings after a major market correction, then you may miss an opportunity to buy and average down on your position. Remember to be very careful when  making important financial decisions after a major life change, such loss of a job or  a divorce, or maybe even a sudden death in the family.  All of these tend to trigger emotions that cause you to react, sometime irrationally.



    Think about your major asset , your home. Owning is more cost-effective than renting, unless you have a special arrangement or the area you live in has very high real estate taxes.

Take into consideration  how long you intend to stay in a particular area before investing in a home, you may want to move, and the realtors are the ones getting rich, not you.

    Purchase broad insurance coverage to protect against financial catastrophes. Eliminate insurance for small potential losses.


Should you be lucky enough to be married, take advantage of the situation this has provided you. Try to take time to discuss joint goals, issues, and concerns. Be accepting of your spouse’s  money personally as well as jointly, treat it as gold, and a precious commodity.


    Don’t forget we all get old, sooner or later, and for most, it is sooner so prepare for life changes. The better you are at living within your means and seeing the  life changes, the better off you will be financially, and personally.


  Indulge yourself by reading  publications that have high standard and that that take a stand and recommend what’s in your best interests.  Try to avoid those whose    content is  based  on the hottest financial headlines or the whims of advertisers. aren’t


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