Top 7 Reasons to Study a Medicine Degree in 2022

There are a lot of reasons why people choose to study a Medicine degree, ranging from personal calling to calculated financial gain. Whether it’s the first choice or the backup option, studying Medicine abroad is a long-term commitment and a decision that shouldn’t be taken lightly.

After doing our research, we’ve discovered some of the best reasons why people choose to study and work in Medicine. Before looking at each one of them, here are a few med schools we recommend:

1. You'll have diverse Medical career opportunities

Often overlooked, this reason is actually one of the most convincing ones. After graduation, you have a broad range of opportunities for a future job in the field of Medicine. There are over 60 specialities you can choose from, so you’re spoilt for choice.

You can choose to work in hospitals or other healthcare facilities, research labs, or be part of the medical department in other professional fields. 


Do not worry if you don’t see yourself as a future paediatrician, surgeon or therapist. As a Medical student, you have six years to decide what you are interested in.

Since Medicine is a broad field, you can choose a subdiscipline that focuses on research or management. We need new cures and treatments for chronic illnesses, and healthcare institutes need managers that understand the core values and principles of Medicine. You can also work in education if you’re willing to develop your pedagogic skills.

Med students examining human skeleton

2. Find Medicine jobs anywhere in the world

All over the world, there is a great uniformity of Medical knowledge and practice. This means that by graduating from a medical school or college in Europe, you can find a job and work in any hospital in South America or anywhere else in the world. This does not apply to many other disciplines!

One thing to keep in mind is that if English isn’t widely spoken in that country, you’ll need to learn the local language. That’s essential when you communicate with patients and try to understand their symptoms and what’s causing them.

If you decide to study abroad, you’ll see that in many countries learning the official language is either part of Medicine studies or is among the admission requirements. Before choosing a Medicine programme abroad, always check if English skills are enough to graduate and practise medicine in that country.


3. Alleviate people’s pain and suffering

If you’ve ever been hospitalised or visited people who were, you know that those are some of the most difficult moments in someone’s life. It’s very easy for patients to feel desperate and suffer even if the illness can be cured, or they only have to go through a minor medical intervention.

This is where a great medic or nurse can use their empathy and people skills to make a difference. It’s very important to be honest with patients, but it’s just as important to encourage and give them hope.

Many doctors and medical staff confess that the interactions with patients and family members touch them deeply and often change the way they see their profession or even life priorities. In those moments, you remember why you’ve decided to work in Medicine in the first place, and you feel fulfilled.

There’s nothing better than seeing people joyful and healthy. Knowing that you play a big role in restoring their health and relieving their pain is perhaps the strongest and most important reason why so many people choose to study and work in Medicine.

4. Doctors are in high demand

The world needs more doctors. According to the Telegraph, “In 2013, the World Health Organization (WHO) projected that by 2030, low- and middle-income countries will have a deficit of 14.5 million healthcare professionals.”

The demand for healthcare professionals is also high in countries like the United States. According to the Bureau of Labor Statistics, employment for nurses and doctors/physicians is expected to grow between 7-12% by 2028.

The situation in Europe is reasonable compared to other continents like Asia or Africa, but some countries need more doctors than others.

This is reflected in European policies. A lot of EU countries that have forbidden or restricted employment of foreign citizens do not apply this decision to doctors. The need for healthcare professionals is so high that in most cases, Medicine students get a job soon after they graduate. 

5. Careers in healthcare offer high salaries and job safety

Another pertinent reason to choose a career in Medicine is the job stability you will enjoy after graduation. This reason is even more important in countries where the recession is still a problem and where young people struggle to find a job. 

We also need to mention the high salaries of healthcare professionals. While this shouldn’t be the only reason why you choose to study Medicine, it is impossible to ignore it. The reason why medical staff enjoy high salaries, or at least higher than average, is the importance of their job and the high demand for qualified professionals.

Salaries are much higher in well-developed countries, and you shouldn’t be surprised if you’re actually underpaid in a country with an unstable or slowly developing economy. 


One common theme among medical professionals is the fact that although they receive a lot of money, it does not always compensate for the stress, sleepless nights, overwhelming night shifts, and not being able to spend more time with family and friends.

Researcher working with substances in a laboratory

6. Find new cures and medicine through medical research

Many students go into Medical studies because the human body is fascinating. Whether we are talking about information travelling at around 400 km/h along the nerves or our bodies giving off a small amount of light that our eyes cannot see, we do many amazing things without even being aware of it.

It’s easy to understand why someone would fall in love and want to discover everything there is to be known about our organs, tissues, and how we function. 

That’s why Medicine studies aren’t only focused on developing practical skills and working in a healthcare institution. You can choose a Medical degree focused on research and spend your time in labs, where you can examine cells, conduct experiments, and find new ways to improve our wellness and health.

What’s even more fascinating is that as we discover more about the human organism, we realise there’s so much we do not yet know. We don’t even know what we do not know! Can you wrap your head around that?

For example, a team of researchers from New York University's School of Medicine might have discovered a new organ hiding underneath our skin. That’s the beauty of science and medical research. It allows you to look where others have looked and discover something they either missed or couldn’t understand at that time.

This kind of work and discoveries help us better understand our bodies and the immune system. We can learn how disease spreads and develop better cures and preventive medicine. This is why medical research is such an important branch in the Medicine field.

7. You can study Medicine online

We know med schools can be very expensive. If you decide to study abroad, you’ll add other costs on top of your tuition fees. We’re talking about accommodation, travel tickets, living costs, and so on. When you add them up, you might discover that you’ll need a big monthly budget.

This is one of the main advantages of an online Bachelor’s or Masters degree in Medicine. The programmes are not always less expensive than traditional on-campus courses. But you remove all the other costs related to studying abroad.

Another benefit of studying online is creating and managing your own schedule. You know those mornings when you can barely convince yourself to go out of bed, but you have an important class starting at 8:00 AM. They’re not great, especially if it’s cold outside and even the weather is begging you to stay at home.

You wouldn’t have many options with a traditional degree, other than skipping class, which we do not recommend. It’s a bad idea in general, but it is even worse for med students. If you fall behind, you’ll make your life even harder, and life for future Medicine graduates isn’t exactly easy.

With an online Medicine degree, you can study and complete your assignments whenever you want, as long as you meet the deadlines. This is great for anybody; you might be a night owl, or an early bird, or maybe more efficient during the second part of the day. It doesn’t matter when you work better, distance learning programmes allow you to have a very flexible schedule.







Best (TEN)10 medical schools in the rest of Europe - Times Higher Education Rankings 2022

university hospital berlin.jpg

1. Karolinska Institute, Sweden 

  • 3.9% acceptance rate

Located in Solna, right next to Sweden's capital, Stockholm, Karolinska Institute is one of the most prestigious medical institutions in the world.

With an affiliated teaching and research hospital, Karolinska is a place where a lot of focus isn't just on the theoretical side, but on innovation and on practice, as well.

2. Charité - Universitätsmedizin Berlin, Germany

  • 4% acceptance rate

Charité - Universitätsmedizin Berlin stands out among other German universities thanks to its research efforts. Over 3,700 researchers are working on new medical innovations and devices. You can be one of them!

3. Heidelberg University, Germany

  • 73% acceptance rate

Heidelberg University has a rich history in Germany and Europe. As the oldest university in the country, and the third ever university established by the Roman Empire, the university is home to a lot of international students, coming from over 130 countries.

4. LMU Munich, Germany 

  • 10% acceptance rate

Ludwig-Maximilians-Universität (LMU) Munich has a centuries-old tradition and is one of the most internationally renowned universities in Germany.

Research Services support researchers during all phases of research from consultation on third-party funding to the administrative, and legal aspects of projects.

5. ETH Zurich, Switzerland 

  • 27% acceptance rate

ETH Zurich - Swiss Federal Institute of Technologywas founded over 150 years ago and has established itself as one of the most important institutions in STEM research.

As one of the most important and highly-ranked universities in the world, not just in Europe, a degree at ETH is definitively something that will make your CV stand out.

6. KU Leuven – University of Leuven, Belgium

The Faculty of Medicine is involved in international projects and networks and is part of the Biomedical Sciences Group. Also collaborating with a hospital, the school usually has a consistent group of international students.

Research is also a main focus of the specialists from KU Leuven and there are plenty of studies on science, technology and health.

7. Erasmus University Rotterdam, the Netherlands

  • 39.1% acceptance rate

The Erasmus University Rotterdam is often present in the global university rankings created by Times Higher Education, TopUniversities, US News, and other organisations. This is excellent proof of the university's quality, assets, and its research efforts & facilities.

8. Sorbonne University, France

  • 100% acceptance rate (accepts everyone who meets the minimum requirements)

Sorbonne University is one of the oldest and most prestigious universities in France and in Europe. It is known for its multidisciplinary focus and promoting diversity, creativity and innovation.

A lot of the world's high-level research in science and technology, medicine and human sciences takes place at this university.

9. Maastricht University, Netherlands

Maastricht University teaches using the method of problem-based learning, gathering students from all over the world in interactive classes and building a scientifically-focused mindsets.

The university conducts meaningful research on modern-day hot topics, including new methods to create plastic from organic materials, global warming, migration, and more. 

10. University of Paris, France

University of Paris spans about twenty campuses and research sites and offers students innovative courses, with ambitious goals and a diverse study offer. The aim of the university is to challenge student development and enact societal change.

HOW TO APPLY FOR A NIGERIAN PASSPORT


APPLICANTS ARE ADVISED TO APPLY SIX MONTHS BEFORE THE EXPIRATION OF THEIR PASSPORTS

PLEASE READ THE GUIDELINES FULLY BEFORE BEGINNING THE APPLICATION

THE SCHEDULE OF FEES FOR THE NIGERIAN E-(ECOWAS) PASSPORT ARE AS FOLLOWS:

32 pages64 pages
Minor(0 to 17 years old)$77.00$137.00
Adult (18 to 59 years old)106.00$137.00
Senior (60 and above)$77.00$137.00

PLEASE NOTE THAT THE 10-YEAR PASSPORT BOOKLET WOULD SOON BE AVAILABLE! PLEASE WATCH OUT FOR FURTHER INFORMATION. 

To begin the application

  • Have a Credit Card ready or Purchase the amount of Post Office money order required.
  • Go to NIS website https://portal.immigration.gov.ng/passport/epassportfor the electronic application.
  • Select Standard E-PASSPORT – The Official E-Passport is ONLY for Government Officials travelling abroad
  • Select UNITED STATES as processing country and New York as Office of Application.

PLEASE READ IN FULL THE GUIDELINES REGARDING PAYMENT ON THE START APPLICATION PAGE

  • Click on “START APPLICATION’. Choose from GOOGLE or YAHOO and create an account or if you have one, SIGN IN.
  • Complete the application online and print out a copy of the completed application before you submit for payment.
  • Complete the application form – PRINT then click submit
  • On successful submission of your application, you will come to a page that will contain your reference ID which will also be emailed to you from the Nigeria Immigration Service (NIS) – Close the screen to proceed to payment or to input further applications (UP to 6 applications)
  • Select method of payment (Money Order, Visa or American Express) and follow relevant steps.

Note: You may choose to exit the application to make payment at a later stage. To return, go to www.innovate1services.com and sign in.

  • Upon making your electronic payment or after having entered and submitted your (USPS) money order details, you will first be e-mailed an acknowledgement. Please allow 1-2 business days for receipt of a confirmation payment e-mail from Innovate1. 

For assistance, contact Innovate1services on telephone number: +1(315)-203-8942 

Note: Money orders should be purchased from the US Postal Service, this allows for immediate processing. Follow the instructions on how to fill out the money order and where to mail it.

TO SET AN APPOINTMENT FOR PASSPORT INTERVIEW.

GO TO THE CONSULATE WEBSITE – WWW.NIGERIAHOUSE.COM CLICK ON Schedule Passport Interview Appointment

  • APPLICANT MUST BRING THIS DOCUMENT IN PERSON ON THE GIVEN INTERVIEW DATE BETWEEN 9am – 12pm (Monday-Friday). 

Please take note that NO APPLICATION WILL BE ACCEPTED AFTER 1PM

Note: ALL APPLICATIONS ARE VALID FOR A PERIOD OF ONE (1) YEAR FROM THE DATE OF SUBMISSION ONCE THE TIME HAS LAPSED, APPLICANTS WILL BE REQUIRED TO RE-APPLY AND MAKE ANOTHER PAYMENT. 

SUBMISSION OF APPLICATION AT THE CONSULATE

DOCUMENTS REQUIRED TO BE SUBMITTED BY EACH APPLICANT ON INTERVIEW DATE:

  • (1) Copy of online application form (signed and dated) 
  • (2) Copy of Payment Confirmation Slip
  • (3) Copy of Acknowledgement Slip
  • (4) Expired Nigerian passport (if not presented, will be considered lost passport) 
  • (5) Photocopy of the data page (which clearly shows photograph, full name and date of birth) 
  • (6) Prepaid, Self-Addressed USPS overnight express mail Envelope with Tracking number
  • (7) Credit or Debit card for $30 administrative fee 

Note: 

  • Photographs are not required as these will be taken at the Consulate on the interview date. 
  • Every applicant must appear in person at the Consulate for biometric capture (finger and thumb printing), which are necessary to produce the E-passport. 

FOR MINORS (FIRST TIME APPLICANTS):

Note: THE E-PASSPORT DOES NOT ALLOW CHILD ENDORSEMENT! PARENTS SHOULD APPLY FOR INDIVIDUAL PASSPORT FOR EACH CHILD, THIS INCLUDES NEWLY BORN INFANTS.

  • (1) Copy of online application form (signed and dated) 
  • (2) Copy of Payment Confirmation Slip
  • (3) Copy of Acknowledgement Slip
  • (4) Signed letter of authorization from BOTH PARENTS – signatures should match the signatures on their respective passports and names should match those on the child’s birth certificate
  • (5) Copy of parents’ passports (Data Page)
  • (6) Copy of the child’s birth certificate
  • Note: In case where only the mother appears on the birth certificate, she will have to present an affidavit from the court that she has full custody of the child/children
  • (7) Prepaid, Self-Addressed USPS overnight express mail Envelope with Tracking number 
  • (8) Credit or Debit card for $30 administrative fee 

Note: In case both parent's names are on the birth certificate but only one has full custody, a copy of a legal document should be provided to this effect. 

ADULT (FIRST TIME APPLICANT)

  • (1) Copy of online application form (signed and dated) 
  • (2) Copy of Payment Confirmation Slip
  • (3) Copy of Acknowledgement Slip
  • (4) Non Nigerian born applicants must provide a copy of the Nigerian passport and letter of authorization from a Nigerian parent that appears on his/her birth certificate as right of citizenship.
  • (5) Applicant’s birth certificate
  • (6) Prepaid, Self-Addressed USPS overnight express mail Envelope with Tracking number 
  • (7) Credit or Debit card for $30 administrative fee 

PASSPORT AMENDMENTS

  • Applicants wishing to amend the details on their Nigerian passport should follow the same application process as when applying for the standard E-Passport for the first time.
  • Depending on the reason(s) for amendment, copies of all legal documents should be submitted in addition to the usual application requirements. 

LOST PASSPORTS

Lost or stolen passports attract a penalty fee and a police report must be obtained.

To obtain the letter, applicants should come to the Consulate between 9am-1pm on business days and submit the following:

  • (a) 2 colored Passport size photographs (on white background) 
  • (b) $50.00 US Postal money order or Certified Bank Cheque made payable to - The Consulate General of Nigeria, New York 
  • (c) All available evidence of the lost or stolen passport and/or proof of citizenship (i.e. birth certificate) 
  • (d) After obtaining the Police Report, applicants may then begin the passport application steps as detailed above (HOW TO APPLY……) 
  • (e) Copy of online application form (signed and dated) 
  • (f) Copy of Payment Confirmation Slip
  • (g) Copy of Acknowledgement Slip
  • (h) Police Report
  • (i) Penalty fee of $350.00 payable in US Postal money order to the Consulate General of Nigeria, New York. 
  • (7) Prepaid, Self-Addressed USPS overnight express mail Envelope with Tracking number 
  • (8) Credit or Debit card for $30 administrative fee 

RESCHEDULING OF PASSPORT INTERVIEW DATE

The Consulate General of Nigeria, New York, will strictly adhere to the interview date on the payment confirmation slip. Applicants are advised to come to the Consulate only on their interview dates. The Consulate is closed on weekends and public holidays. However, if an interview date falls on a holiday, the applicant may come the next working day.

PLEASE FOLLOW INSTRUCTIONS. AFTER MAKING PAYMENT WITH INNOVATE1 PART OF THE INSTRUCTIONS WILL GIVE YOU THE DETAILS OF WHAT TO WRITE ON THE MONEY ORDER BEFORE MAILING IT TO THEM.

(Seven) 7 life lessons on how to become a good investor

 

In investing, do not buy or sell based on what your friends, neighbours or that fancy stock guru is buying. You do not know their realities. You do not know their risk appetite, information ratio, manoeuverability, asset allocation and incentives. Actually you know nothing about those you wish to imitate. Robert Cialdini described this behaviour as ‘social proof’. It is the tendency to see an action as more appropriate when others are doing it. It may not always be the best for you.


Do not be in a hurry to grow up. You are always asking when you will get independent, when you will make money, when you will be involved in discussions we adults take part in. Some things take time. Growing up is a process. Enjoy it. Your science book explains how a seed turns into a sapling, then into a shrub and later into a tree. Some seeds wither away, not all turn into a tree and bear flowers and fruits. We nurture, support, love and sometimes admonish you—it’s all a part of growing up. You may not realise it, but at every stage you have a set of responsibilities, independence and authority. If you keep comparing yourself with us grown-ups, it will only add to your misery.

As an investor, do not be in a hurry to see your investments grow. Investing is a process. It is not a journey towards building an X amount of retirement corpus, but a journey to achieve financial independence. The sooner you achieve it, the better. Not all investments will pay off. But all’s well if it ends well. Worrying over every investment and why it went right or wrong will only make you miserable.

Do not wile away your time. All play and no work got Jack nowhere. Remember the ant and the grasshopper’s story? The one about the ant that worked tirelessly through the summer while the grasshopper played, sang and danced, only to learn the value of hard work when winters arrived? I want you to twist the story a little. Be the ant many times but do be the grasshopper sometimes. The fine balance is difficult to achieve, but then who said life was easy? Also, don’t be careless.

Likewise, in investing, average investors can only earn a finite amount. There is no substitute to growing wealth but by saving more. Do yourself a favour, watch two bad movies less in a month, skip an expensive meal at times and put that money to good use. Take care of your money, because if you don’t, no one else will. Rihanna filed a suit against her manager for swindling her cash and he had this to say, “Was it really necessary to tell her that if you spend money for things you will end up with things, and not money?” Pretty much sums up all you need to know. Things don’t make us happy, experiences do. The trick is to not get off the Hedonic Treadmill at once. Keep reducing the speed and some day you may not feel the need to be on it at all.

Do not get too attached and emotionalabout your friends, mates and belongings. It only hurts. People who you think are your ‘friends’ will change. Situations will undergo a metamorphosis. Let go. Destroy cherished ideas by confronting them. Be honest with yourself if not with anyone else.


Similarly, do not fall in love with any of your investments. The environment will change. Views will change. Stocks, sectors and asset classes which gave fabulous returns in the past may not do so in the future. Confront your realities. A friend, who has made tremendous money from real estate in the past 15 years, is still in denial. He still thinks it is the best place to make money. Maybe he is right, but if only he was a little more open to other investment ideas, he would not be stuck with illiquid assets. We have heard stories about dud stocks turning around, but some stocks will never get back to their glorified prices even if the index peaks.

Do not disrespect anyone. Respect not only your parents or grandparents, but also your teachers, your extended family, maids, drivers and every person you come across. It is idealistic, but at least try. This beautiful aphorism by a Jesuit priest Baltasar Gracian—“The wise are the least tolerant, for learning has diminished their patience”—is true. At this age you are far from being wise, so learn tolerance.

When investing, respect the opinion of those around you. You can learn from anyone—that new intern in your office, the pantry boy or your fiercest competitor. Above all, respect markets. The day you are too sure of the direction the markets will take is also the day you can celebrate Fool’s Day. The best investors are also the most humble ones.

Success does not mean more medals or money. It is perfectly okay to come second in race, as long as you know you tried your best and are able to work harder the next time, instead of saying that you can’t do it. It is okay to feel stage fear while you are up there reciting Shakespeare as long as you stand upright and are ready to recite one more.

In investing, do not confuse success with a higher CAGR on your portfolio or with your ability to identify multi-baggers. To grow in life, you need to push yourself out of your comfort zone, but in investing, it is imperative to operate within it. A good night’s sleep is the best return on your investments. Never compromise on it.

Develop a hobby. It could be a sport interest, an art or a craft. It can act as a great stress-buster, especially when you are grown up and immersed in worldly pressures or pleasures. Going back to your hobby is like going back to the one you love. You may ignore it, exploit it, use it, abuse it but it stays with you and calms your riled nerves when you need it the most. Your hobby truly loves you back. So have one.

Some look upon investing as a science, some think it is an art, but I have always thought that investing is a craft. That is because it can be improved with practise. The finer nuances of investing may be known to many, but they are followed only by some. Investing will test you, your emotions, your strategies, your best laid plans and ideas. It is only how you hone this craft and improve it every day that will set you apart.




Ten Things to Consider Before You Make Investing Decisions

iStockPhoto<br />Financial Navigating in the Current Economy: Ten Things to Consider Before You Make Investing Decisions

Given recent market events, you may be wondering whether you should make changes to your investment portfolio.  The SEC’s Office of Investor Education and Advocacy is concerned that some investors, including bargain hunters and mattress stuffers, are making rapid investment decisions without considering their long-term financial goals.  While we can’t tell you how to manage your investment portfolio during a volatile market, we are issuing this Investor Alert to give you the tools to make an informed decision.  Before you make any decision, consider these areas of importance:

1.         Draw a personal financial roadmap.  

Before you make any investing decision, sit down and take an honest look at your entire financial situation -- especially if you’ve never made a financial plan before.  

The first step to successful investing is figuring out your goals and risk tolerance – either on your own or with the help of a financial professional.  There is no guarantee that you’ll make money from your investments. But if you get the facts about saving and investing and follow through with an intelligent plan, you should be able to gain financial security over the years and enjoy the benefits of managing your money.  

2.         Evaluate your comfort zone in taking on risk.  

All investments involve some degree of risk. If you intend to purchase securities - such as stocks, bonds, or mutual funds - it's important that you understand before you invest that you could lose some or all of your money.  Unlike deposits at FDIC-insured banks and NCUA-insured credit unions, the money you invest in securities typically is not federally insured.  You could lose your principal, which is the amount you've invested.  That’s true even if you purchase your investments through a bank.

The reward for taking on risk is the potential for a greater investment return. If you have a financial goal with a long time horizon, you are likely to make more money by carefully investing in asset categories with greater risk, like stocks or bonds, rather than restricting your investments to assets with less risk, like cash equivalents. On the other hand, investing solely in cash investments may be appropriate for short-term financial goals.  The principal concern for individuals investing in cash equivalents is inflation risk, which is the risk that inflation will outpace and erode returns over time. 

3.         Consider an appropriate mix of investments.   

By including asset categories with investment returns that move up and down under different market conditions within a portfolio, an investor can help protect against significant losses.  Historically, the returns of the three major asset categories – stocks, bonds, and cash – have not moved up and down at the same time.  Market conditions that cause one asset category to do well often cause another asset category to have average or poor returns.  By investing in more than one asset category, you'll reduce the risk that you'll lose money and your portfolio's overall investment returns will have a smoother ride.  If one asset category's investment return falls, you'll be in a position to counteract your losses in that asset category with better investment returns in another asset category.

In addition, asset allocation is important because it has major impact on whether you will meet your financial goal.  If you don't include enough risk in your portfolio, your investments may not earn a large enough return to meet your goal.  For example, if you are saving for a long-term goal, such as retirement or college, most financial experts agree that you will likely need to include at least some stock or stock mutual funds in your portfolio.


4.         Be careful if investing heavily in shares of employer’s stock or any individual stock.

One of the most important ways to lessen the risks of investing is to diversify your investments. It’s common sense: don't put all your eggs in one basket.  By picking the right group of investments within an asset category, you may be able to limit your losses and reduce the fluctuations of investment returns without sacrificing too much potential gain.  

You’ll be exposed to significant investment risk if you invest heavily in shares of your employer’s stock or any individual stock.  If that stock does poorly or the company goes bankrupt, you’ll probably lose a lot of money (and perhaps your job).  

5.         Create and maintain an emergency fund.  

Most smart investors put enough money in a savings product to cover an emergency, like sudden unemployment.  Some make sure they have up to six months of their income in savings so that they know it will absolutely be there for them when they need it.  

6.         Pay off high interest credit card debt.

There is no investment strategy anywhere that pays off as well as, or with less risk than, merely paying off all high interest debt you may have. If you owe money on high interest credit cards, the wisest thing you can do under any market conditions is to pay off the balance in full as quickly as possible.  

7.         Consider dollar cost averaging. 

Through the investment strategy known as “dollar cost averaging,” you can protect yourself from the risk of investing all of your money at the wrong time by following a consistent pattern of adding new money to your investment over a long period of time.  By making regular investments with the same amount of money each time, you will buy more of an investment when its price is low and less of the investment when its price is high.  Individuals that typically make a lump-sum contribution to an individual retirement account either at the end of the calendar year or in early April may want to consider “dollar cost averaging” as an investment strategy, especially in a volatile market.  

8.            Take advantage of “free money” from employer.  

In many employer-sponsored retirement plans, the employer will match some or all of your contributions.  If your employer offers a retirement plan and you do not contribute enough to get your employer’s maximum match, you are passing up “free money” for your retirement savings. 


9.         Consider rebalancing portfolio occasionally.  

Rebalancing is bringing your portfolio back to your original asset allocation mix.  By rebalancing, you'll ensure that your portfolio does not overemphasize one or more asset categories, and you'll return your portfolio to a comfortable level of risk.


You can rebalance your portfolio based either on the calendar or on your investments.  Many financial experts recommend that investors rebalance their portfolios on a regular time interval, such as every six or twelve months.  The advantage of this method is that the calendar is a reminder of when you should consider rebalancing.  Others recommend rebalancing only when the relative weight of an asset class increases or decreases more than a certain percentage that you've identified in advance.  The advantage of this method is that your investments tell you when to rebalance.  In either case, rebalancing tends to work best when done on a relatively infrequent basis.

10.       Avoid circumstances that can lead to fraud.

Scam artists read the headlines, too.  Often, they’ll use a highly publicized news item to lure potential investors and make their “opportunity” sound more legitimate.  The SEC recommends that you ask questions and check out the answers with an unbiased source before you invest.  Always take your time and talk to trusted friends and family members before investing.





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