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.