Tips For Investing in 2010

A lot of people have lost a lot of money over the last year and a half. But it's a New Year and time to figure out a new investment strategy.

Joe Murray is with First Financial Group. He told "Good Day" that in 2009 'no one paid attention to their money" and the amount of risk they were taking with their investments.

The first thing Murray suggests is deciding how much risk you are willing to take. He explained that most analysts predict another 10% "correction" in 2010. Murray says you have to be careful and prepared.

Murray says it's all about "proper allocation." You need to have your assets split among different classes. Some investments should be in fixed income investments like bonds and cd's. The rest can be invested in equities. Murray says if the equities are increasing the bonds are declining in value.

If any of your investments are performing poorly long-term you need to get out and "take control of your money."