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Lifetime Investing - Begin as a Kid

The following list is your guide to profitable investing for a lifetime:

  1. Start a systematic savings program at the earliest age. Park the money in certificates of deposit or a savings account until to start buying stocks.
  2. Begin making contributions to a Roth IRA as soon as you earn taxable income from a part-time or full-time job.
  3. Own shares of the 500 largest companies in the United States by owning the Standard & Poor's 500 stock index (S&P 500) through index or exchange traded funds.
  4. Reinvest all dividends you receive.
  5. Set up a systematic schedule of contributions.
  6. Hold your shares for the long term.