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When you do buy stocks, be wary of those that represent expensive products. While such stocks can sometimes pay off, many overly priced items, especially those that are “trendy,” have a short shelf life in terms of their value. Naperville investment professionals are good at helping investors decide which stocks are the most likely to have some real staying power.
You’ve probably heard the question, “If everybody else jumped off a cliff, would you do it too?” The answer is, quite obviously, always a resounding “no,” and the same rule applies in the stock market. Just because other people have jumped on board with a particular stock and have been successful with it doesn’t mean that you have to or that you should. In fact, if everybody is raving about a particular stock, that probably means you’ve come into the game too late to make maximum earnings off of it and that you should look elsewhere for your next investment.
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