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How’s the retirement fund coming along?
I know this may sound like a mockery of sorts, but have you begun saving up for your retirement? If you are like most other Americans with modest means, then you probably are already finding it difficult to stretch your pay to cover immediate costs. So there is no way you can even begin to think of saving up for the future. And the few people who do earn enough to save up a little either lack the discipline to save up or fall into the hands of unscrupulous companies that charge you huge fees. Usually you earn much lesser in these low-interest money-market accounts than even the fees you pay!
You are probably thinking that there should be some way for a person with modest means to invest and save up a decent sum of money. Of course, there are many options available to you, but remember to keep your eyes open and avoid unscrupulous companies. The first rule of the game is that you should never take any investment advice from a person who may not be an investing expert. This is a serious matter and needs proper handling.
Secondly, you may have found someone who may sound like he is giving you sound investment advice but is actually only trying to get you to invest in his company’s products. Are his intentions good? No way! He must inform you about all the products available in the market so you can make an informed decision.
And lastly, remember: No risk, no gain. You don’t have to go gambling but if you are overly conservative when it comes to retirement investing, you are probably losing too much – there is a chance that your investments won't grow enough.
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