Steps Part 1 Setting Yourself up for Success

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Weather the storms. With more volatile investment vehicles, you may be tempted to sell what you own. It's easy to get spooked when you see the value of your investment plummet. If you did your research properly, however, you probably knew what you were getting into, and you decided how you would handle swings in the marketplace. When the stocks you hold plummet in price, update your research to find out what is happening to the fundamentals. If you still have confidence in the stock, hold on to it or, better yet, buy more at the lower price. However, if you no longer have confidence in the stock, or the fundamentals have changed, you may want to sell. Bear in mind that if you're selling out of fear, others may be, too, resulting in a dropping price. Your exit could be someone else's opportunity to buy low.

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Smart Ways to Invest Your Money and Minimize Risks