Short-term vs. long-term investing: What’s best for you?
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Once you’ve decided you’d like to invest some of your money, where do you go from there?
First, you should consider if you’re interested in a long-term or a short-term situation.
Certified Financial Planner Professional Nancy Hecht said 18 months or less is considered short term.
If you’re going the medium-term route, it means you can afford to do some mutual fund investing and you’re looking at two to three years.
Anything beyond five years is long term. Now we’re talking about a variety of mutual funds, or individual stocks or the money for people’s retirement savings.
Want to learn more specifics? Watch the video above for the latest episode of The Hecht Effect with Nancy Hecht.