 TITLE: Is Now the Time to Start Investing? CONTENT: When to Start Investing\n-----------------------\nIt typically takes time to see a substantial (if any) return on investments—that's why starting early is so valuable. This commitment means you should be prepared for the money you invest to be tied up for some time. With that in mind, if you have limited savings, or are living paycheck to paycheck, investing might not be the best financial decision.\nIf you're wondering whether now is a good time to invest, answer the following questions to see if you're in the right place to get started.\n*   **Do you have enough money to cover essential expenses?** While it may go without saying, if you are struggling to cover essential expenses—or think you may be in the near future—now might not be the best time to start investing. Again, investing will tie up your money for some time, so you should make sure your essential needs are covered before you begin new financial endeavors.\n*   **Do you have an emergency fund?** Before you start investing, make sure you have a savings fund ready to cover emergencies. While you'll be able to access the money you've invested in the stock market at any time, doing so at an inopportune time—when the market has gone down since your initial investment, for example—can cause you to miss out on potential future earnings or even lose money. Emergency funds can be a lifesaver if you need quick cash to cover expenses. It's recommended to save three to six months' salary in your emergency fund.\n*   **Do you have debt?** While the value of your investment could grow over time, it may not grow at a rate that outpaces the interest you are paying on your debt. For example, if your financial portfolio grows at a rate of 10% annually but you have a high balance on a credit card debt with a 15% annual percentage rate (APR), you'd be better off paying down your debt. From an investment perspective, in the short term, paying down your debt would actually save you money.\nIf you feel comfortable with your finances, you should begin putting money aside in an investment account as soon as possible. As you do this, start formulating your investment strategy, and make a plan for how you'll get started. END