13 Steps to Investing Foolishly, Step 8: Cover Your Assets

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Worldwide Invest Better Day 9/25/2012

In honor of Worldwide Invest Better Day, we at The Motley Fool are recapping our "13 Steps to Investing Foolishly" -- steps you can follow to become a better, more Foolish investor.

In the following video, Austin Smith covers Step No. 9: covering your assets. 

We believe that investing in the stock market is the best way to build long-term wealth, but while investing is exciting, it can also be risky. That's why you should adhere to the rule Austin outlines about investing only the money you absolutely don't need for at least five years, and that's the miniumum. Watch to learn more.

The article 13 Steps to Investing Foolishly, Step 8: Cover Your Assets originally appeared on Fool.com.

Austin Smith and The Motley Fool have no positions in the stocks mentioned above. Try any of our Foolish newsletter services free for 30 days. We Fools don't all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.

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