By Columbia GSB May 12, 2016 Leave a Comment

NEW YORK – Professor Stephen Penman of Columbia Business School offers tips for the beginner investor.  

  1. Understand your investment horizon. When do you want to cash out? Establish your time horizon to determine your risk profile.

  2. A house is an excellent asset to own, but be wary of buying at “bubble” prices.  Owning a home is one of the few ways an individual can issue long-term debt (via a mortgage). Buy when interest rates are low.

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