Ask Harley

What do I need to do to invest money successfully for my retirement?

Use my guaranteed 5-step plan:

1. Start as young as possible. If you are over the age of 40, start right now (today).

2. Accumulate some savings. If you are not sure how to do so, set aside 10 percent of every dollar you earn.

3. Find a slow, conservative, sensible approach to long-term investing.

4. Follow your plan for many years. Force yourself to think in terms of years. Do not deviate because of things that might happen over a period of days, weeks or months.

Most important:

5. Forget your investments and go back to work.

The secret to successful long-term investing is to follow a sensible plan over many years. The stock market lives on greed and fear. Never forget this.