Chapter
Habits that beat picking winners
- Build an emergency fund covering several months of expenses before investing.
- Invest only money you will not need for years.
- Contribute regularly instead of trying to time the market.
- Many people choose broad, low-cost funds; whatever you choose, avoid borrowing to invest.
- Keep records for tax time and review once a year.
Long-term savings in Israel often include pension funds, study funds (keren hishtalmut) and provident funds (kupat gemel), each with its own rules.