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Number one is to have clear goals. Decide how many years you will invest for, and what your needs will be in the future.
Number two is to understand the range of possibilities. You'll want a diversified portfolio: one with a mix of stocks, mutual funds, bonds, and cash. It's a jungle out there. Each of these products has different risks associated with them and also different potential rewards. Understand them before you buy, so there won't be any big surprises later.
Finally, number three is to have realistic expectations. As our friend Leonardo da Vinci said in the year 1500. "He who wishes to be rich in a day will be hanged in a year."
Over the past several years. New York stocks have averaged 30% annual returns, but don't count on this continuing. While it's true that since the year 1900. stocks have averaged an 11% annual return. It's a roller-coaster ride with many minus years as well. so you have to stay in for the long term—you have to weather the storm—and not be too greedy.
(30)

A. To develop a savings plan.
B. To set up a bank account.
C. To set clear investing goals.
D. To work out the budget.

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Section B
Directions: There are 2 passages in this section. Each passage is followed by some questions or unfinished statements. For each of them there are four choices marked A, B, C and D. You should decide on the best choice.
On the last shopping day before Christmas, stores across the United States were busy but not jam-packed as shoppers scrambled for last-minute gifts, even though some refused to admit it. At Boston's Copley Mall, a small crowd gathered outside the main entrance of luxury department store Neiman Marcus, but no one waiting for the store to open would admit to being a last-minute shopper. "I'm really here to use a gift certificate and get something for myself and maybe someone else with what's left over," said Matt Doran, who lives in Boston and had been waiting since 8:30 a.m. for the store's 10 a.m. opening. Ilya Polykoff, who moved to Boston from Russia, said he was waiting "because I had the day off and I wanted to get some perfume." But he insisted that he was really shopping early because for him Christmas comes in January. The Orthodox Christmas will be celebrated on Jan. 7.
"There are lots of men out there today," said Karen McDonald, a spokes-woman for mall operator Taubman Centers, after returning from the Lakeside Mall in Sterling Heights, Michigan. "There is panic out there but people seem to be in good spirits," she said, adding that most shopping traffic peaked around midday. According to the International Council of Shopping Centers, December 24 was the sixth busiest holiday shopping day in 1997, while 44 percent of holiday sales were recorded in the December 15 to December 24 period. Ed Nally, manager of the Swatch Store known mostly for its brightly colored plastic watches, described the atmosphere as festive rather than crazed. He did say, however, that Dec. 21 was the turning point date, after which shoppers started. "The closer to Christmas, the crazier they get," Nally said. "They become more agitated, less patient." He said red-hot items this year were phones, beepers and the new digital swatch watch that costs $ 70 and came onto the market a week before Christmas.
The best title for this passage is ______.

A. Last-Minute Christmas Shoppers Fill U.S. Stores
B. Digital Watches Are the Red hot Items This Year
C. The Excuse of the Last-Minute Shoppers
D. Christmas, the Best Shopping Season

W: Don't you think it's a little out of focus?
Q: What does the woman imply?
(13)

A. The photograph is not good enough to send.
B. The photograph was not taken at the Grand Canyon.
C. They already sent Mary a photograph of their vacation.
D. Sending pictures through the mail is too expensive.

A.Exchange the computer for the woman.B.Refund the women's money.C.Give the woman anyt

A. Exchange the computer for the woman.
B. Refund the women's money.
C. Give the woman anything she likes in the store.
D. Give the woman a store credit with which she can buy anything in the store.

The word "elbowroom" in Paragraph 3 most probably means" ______.

A. private space
B. room to move freely
C. peaceful places
D. confined room

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