How to invest wisely

This is an Invest Wisely minute brought to you by Iowa State University Extension.

Here are a few tips to help you invest wisely:

First, set investment goals so you know where you are headed.  Make these goals specific and measureable, attainable, review them, and give yourself a time frame to accomplish them.

Second, keep good financial records so you can find the information you need when making investment decisions.

And third, take advantage of compounding by starting to invest today, right now. Even if it doesn’t seem like much, consistently  putting something aside -- over  time -- will grow.

Invest Wisely comes from Iowa State University Extension through a grant from the Investor Protection Trust providing investor education on the web at investorprotection.org.