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I have to say, if you don't know what you are doing, you can get yourself into a bunch of trouble. I'm a CPA, and it's a challenge for me to stay on top of everything that is going on in the investment world. You have to worry about risk, diversification, expenses, taxes, insurance, legal issues, estimating your future cash needs (ie, retirement), college planning, succession planning (wills), etc etc etc....
If you're new to this, my first piece of advice would be to find a financial planner. There a lot out there, so just take some time to find one that you trust. A planner will charge you, but there are a lot of different arrangements they can have. And of course, there are no guarantees, but a good financial planner might save you from yourself!
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