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One of the hardest, and most important, steps you can take in life is to decide to do something. Many philosophers believe that this decision itself has power. By making a decision, we are choosing to change something and we begin a process that will have a long-range impact on our lives.
This is especially true when it comes to investing. The decision to invest begins the process where we determine our goals, determine our asset allocation, and choose our investments. Once money is invested, we begin building and conserving wealth. To paraphrase the quote by John F. Kennedy shown above, there may be costs and risks associated with investment management, but they are far less than the long-range risks and costs of comfortably letting your investments drift without a specific plan of action.
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