Planning Ahead
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Before you start investing your money, it’s important to make sure you have a plan. If you’ll need the money within a few years, say for a home downpayment, it should be in less volatile investments. Many investors get burned by being greedy. “Don’t get sloppy, because a big part of these bear markets is they really expose flaws in your financial plans,” says Russel Kinnel, Morningstar’s director of mutual fund research.
