This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
TheStreet Open House

Two Simple Steps to Future Wealth

The Dow Jones Industrial Average's recent one-day drop of 777 points most likely sent more than a few people's hearts into a flutter, if not full-scale panic. Drops like that make people question why they invest in the stock market, and the reaction is usually to run to safer investments; but if you have your personal finances in order and are investing for the long term, such drops in the stock market itself aren't anything to overly worry about (what these plunges mean for the economy is a different story).

When it comes to investing, there is a low-risk, high-return investment strategy that's easy to learn and every family should adopt. Saving and putting your money to work in index funds isn't as sexy as picking a winning stock and it's probably not something that you'll be bragging about to your friends at end-of-the-year parties, but it will provide you with a nice retirement nest egg with little risk because the strategy has a lot more to do with issues that you can control than how the stock market is doing any particular month.

The first step is to realize that you should spend your free time where it will benefit you the most financially. That place is not learning the intricacies of how to pick individual stocks. When you realize that simply duplicating the S&P 500's performance through index funds will put you well ahead of what you could likely achieve on your own or what most fund managers will produce, you have placed yourself in a position to take advantage of the limited time you have to spend on investing.

1 of 3

Select the service that is right for you!

COMPARE ALL SERVICES
Action Alerts PLUS
Try it NOW

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
  • Weekly roundups
Dividend Stock Advisor
Try it NOW

Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Real Money Pro
Try it NOW

All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.

Product Features:
  • Real Money + Doug Kass Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!
DOW 17,225.05 -54.69 -0.32%
S&P 500 1,997.10 -13.30 -0.66%
NASDAQ 4,530.4260 -49.3630 -1.08%

Brokerage Partners

Rates from Bankrate.com

  • Mortgage
  • Credit Cards
  • Auto

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs