Investing Tip – Never Invest Money You Need Right Now
I know this is a no brainer, but it’s always important to say it. Never, Never, Never ever invest money that you need right now.
A gentleman told me a story of some co-workers of his that did this. They took their pay check and invested the whole thing in to the stock market. When they needed money, like rent, they would sell stocks and pay the bill. This was back in the roaring dot com era. You can guess what happened. The dot com busted and some of them got evicted.
So, remember, never, never, never ever invest money you need right now. Share your comments below or subscribe to the RSS feed to keep up with updates!
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