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Today, Fool.com finance analysts Anand Chokkavelu and Matt Koppenheffer look at the one thing all investors need to do before they buy a stock: make sure they can afford it.
Matt and Anand are reacting to a report they read indicating that 41% of Americans have less than $500 readily available in savings. While we all may worry about making the best investments possible, many of us should probably take a step back and ask ourselves whether we're in a position to be dedicating any meaningful portion of our capital to something like investments.
See more in the following video.
If you do find yourself in a position to start dedicating more money to your investments, then you should read more about the most-discussed bank out there, check out our in-depth company report on Bank of America. The report details Bank of America's prospects, including three reasons to buy and three reasons to sell. Just click here to get access.