← 4/11: 11 Ways to Get Your Money Right for the New Year

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By Elayne Fluker | Published January 10, 2011 | Full size is 1000 × 667 pixels

10) Age matters: If you’re a BE Nexter who’s looking to invest, White suggests you pay down the debts first and then start allocating a portion of your income into the equity market. “You can start with blue chip stocks, those companies that you know well, or you can invest in ETF's (exchange traded funds), which mimic whatever industry, index or country you’re trying to match. If you’re headed toward retirement, play it safe. “You don’t want to be 62 and have to experience the kind of correction that we’re having now in the stock market,” says White.” You want to have money in savings accounts, CDs or high grade US treasure bonds when you’re seven years or so out from retirement.”

10) Age matters: If you’re a BE Nexter who’s looking to invest, White suggests you…