1. Stop Listening To Analysts
Analyst are the First People to confuse you. Some would say buy where as some would say Sell. Try not to Trust these people, and take only an informed decision.
2. Stop Staring At Your Portfolio Every Thirty Minutes
How does it help staring your Portfolio every now and then, it would only add more to the agony in a crashing market. Always Invest in quality stocks and based upon the Financials keep holding these stocks.
3. Be Patient
Thumb Rule, Be Patient
4. Speak To Actual Investors With Experience
Speak to people who are Investors with Experience,they are the people who have seen it all
5. Stop Following Crazy Tips
Please, please never follow crazy tips, especially penny stocks !!
6. Understand Market Cycles
Something which requires a little knowledge and experience, but tremendously helps
7. Follow The Guru
Today the richest man on earth, Warren Buffett, is an investor who has created wealth because he has stayed away from what everybody else is doing and has simply invested in quality companies for the long term. He invested in Gillette, for the simple reason that he believed that men won’t stop shaving. It makes sense to follow, as I call him, “The Guru” and think long term and remember people who create wealth do things that others don’t.
Happy Investing !!
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