Simple Rules For Successful Investing
Never Borrow to Invest
If you are planning to start investing in the stock market, first get rid of your previous debts.
Moreover, you should only invest that amount which is surplus.
Diversify Your Portfolio!
If
your investment is diversified (five or more stocks), then the chances
of a single stock hurting your entire portfolio is reduced.
Invest Consistently
If
you want to build wealth from the market, you need to invest
consistently. You also need to increase your investment amount
continuously.
Avoid Herd Mentality
Try to avoid getting influenced by other investors. Understand and follow your strategy.
Think Long-Term
Most of the stocks take at least 2-3 years time frame to give good returns to their shareholders.
Don't Get Emotional
Many
investors have been losing money in stock market due to their inability
to control emotions, particularly fear, anger and greed.
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