Top three investment strategies for 2013

Top three investment strategies for 2013
News from Perth Now:

Generations columnists Justine Davies, Bruce Brammall, Mark Bouris and Kerrin Falconer. Source: National Features

THE thing with strategies (and New Year resolutions) is that they need to be specific and achievable.

Vague: “I’m going to lose weight” or “I’m going to improve my finances” goals are almost certain to fail, whereas specific: “I’m going to drop five kilos by walking an hour before work every day” or “I’m going to cut four years and $ 60,000 in interest costs off my home loan by paying an extra $ 100 per month on to it” can succeed because they are clear-cut goals with defined ways of achieving them.

So for Gen Y, my top three strategy tips are:

1. Flick the credit cards! We owe $ 49 billion on credit cards, with three-quarters of that accruing interest at rates north of 10 per cent.

So if you have personal debt, then set a strategy this year to pay it off in full.

As a starting point, remove your credit card from your wallet and divide the amount you currently owe by the number of pay periods this year. Commit to paying at least that amount on to your card…………… continues on Perth Now

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A simple but devastatingly effective investing strategy
News from The Motley Fool:

Foolish investing. Simple, but devastatingly effective, writes Bruce Jackson of The Motley Fool.

There’s nothing like a good old rally to encourage investors back into the stock market.

– The ASX today hit another 20-month high.

– Over in the U.S., the Dow and S&P 500 closed Friday at 5 year highs, in the process registering a third straight week of gains.

– A recent Bank of America Merrill Lynch global fund manager survey showed investors were the most bullish they’ve been in two years.

A simple, but devastatingly effective investing strategy

Regular Motley Fool readers will know our glass is always half-full.

Where some might have seen the Fiscal Cliff as a reason to sell up and wait for the financial world to crumble, we saw it as another potential buying opportunity.

Call us simple, but we can’t find a problem with buying shares of good companies on the cheap.

Here at The Motley Fool, we are business focused, long term investors, our goal being to recommend to you the names of quality companies trading at attractive prices.

We simply call it – Foolish Investing.

Admittedly using that term to describe our investing style is not likely to land us a job at Goldman Sachs or JP Morgan, but it works for us, and hopefully you too.

Cre…………… continues on The Motley Fool

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