Diversification is a vital strategy for success. Every successful investor you learn from in books or watch on tv has learned how to optimally diversify their funds to receive steady returns. Discover how important diversification is, and also 3 key ways you should be diversifying your money today.
Risk is fundamental to investing. Higher risk equates to higher returns, and lower risk equals lower returns. To become a successful investor it’s important to find the right balance between risk & reward for your investing goals and style.
Before your first dollar is ever invested you’ve got to make sure you’re adequately prepared. Learn about the benefits of beginning to invest sooner rather than later in life, and also four key questions you should ask yourself before beginning to invest.
Don’t let your ego get in the way of your decision making process. You may have had a fantastic last 12 months of returns, but if you let your ego run wild it’s likely the next 12 months won’t be nearly as kind. Learn to master your ego for ultimate investing success.
Jim Cramer might be one of the best known stock advisors in the country because of his nightly “Mad Money with Jim Cramer” show on CNBC, but you should never blindly trust any advisor you see on tv without doing your own research first.
Investing in high yield Dow stocks is a proven strategy for consistently earning high returns from the market. Learn about a strategy called “Dogs of the Dow”, developed by Michael B. O’Higgins that’s an incredibly simple and easy investing strategy.
Without developing your own personal investing strategy your goals are bound for failure. There are hundreds of successful investing strategies out there and to succeed you must pick one that you fully believe in, and that you can always stick to.
Setting a stop-loss order is one of the best ways to lessen your risk when investing. Learn about the different types of stop-loss orders, and also what to be aware of when using them.
Admitting that you made a bad investment can sometimes be one of the toughest parts of investing, but when a stock takes a turn for the worse with no signs of recovery it’s important to admit you were wrong, cut your losses and simply move on.