13 Steps to Investing Foolishly
Welcome!
The prospect of changing your life with a full 13 steps could sound a bit daunting. But don't hit the "back" button just yet. We've prepared this executive summary just for you Fools on the go.
Motley Fool Co-founders, Tom and David GardnerStep 1
Change Your Life With One Calculation
Our nomination for the eighth wonder of the world goes to… the formula for compound interest! Quite simply, this basic… more »
Step 2
Trade Wisdom for Foolishness
Who would deign to call themselves a “Fool”? Certainly not anyone from the world of Wall Street. We, on the other hand,… more »
Step 3
Treat Every Dollar as an Investment
Imagine what it feels like to know that every single dollar decision you make is the right one. Imagine no more. With a… more »
Step 4
Open and Fund Your Accounts
IRAs, 401(k)s, CDs, MMAs, oh my! Here are step-by-step directions on what to put where and, roughly, how much and for… more »
Step 5
Avoid the Biggest Mistake Investors Make
Fools are investors, not speculators. We’re buy-to-hold, business-focused investors with a long time horizon. Our… more »
Step 6
Discover Great Businesses
Stocks aren’t pieces of paper, but stakes in a living, breathing business. Fools look for well-managed companies… more »
Step 7
Buy Your First Stock
You’ve paid off your credit cards, open and funded your brokerage account, and done your research. It’s business time!… more »
Step 8
Cover Your Assets
Don’t forget the Fool’s four rules for asset allocation: Don’t invest money that you’ll need in the next year, invest… more »
Step 9
Invest Like the Masters
There’s more than one way to skin a cat. Growth guru Peter Lynch, value kingpin Warren Buffett, and global maven Sir… more »
Step 10
Don't Sell Too Soon
Selling a stock is just as big a decision as buying. There are five primary reasons to cut bait with a stock: You find… more »
Step 11
Retire in Style
Retiring in style rests on making the most of tax-advantaged savings vehicles like your 401(k) and IRA, investing in… more »
Step 12
Pay It Forward
Foolishness doesn’t stop with you, friend. Pass on the good money-saving/money-making mojo to three friends who could… more »
Step 13
Make friends and influence Fools.
The Motley Fool isn’t some static web page or a set of articles, but a dynamic, thriving community of Fools just like… more »
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