13 Steps to Investing Foolishly, Step 8: Cover Your Assets

Austin Smith
Austin Smith
Sep 22, 2012 at 12:00AM

In honor of Worldwide Invest Better Day, we at The Motley Fool are recapping our "13 Steps to Investing Foolishly" -- steps you can follow to become a better, more Foolish investor.

In the following video, Austin Smith covers Step No. 9: covering your assets. 

We believe that investing in the stock market is the best way to build long-term wealth, but while investing is exciting, it can also be risky. That's why you should adhere to the rule Austin outlines about investing only the money you absolutely don't need for at least five years, and that's the miniumum. Watch to learn more.