Do, invest in the market in regular time intervals, such as once a month or a predictable pattern or schedule. This is called dollar cost averaging, which allows you to diversify your buying times, so you buy the stock when it is up or low and over time it is averaged out.
2. Don't get engrossed in the news
The news, and mainstream market advice on TV, instills fear in most when it is not necessary. This causes the shareholder to make irrational decisions and costly mistakes.
3. Stick to the Plan!
Before you even touch your money, you should write out an investment plan about when you are entering the stock market and when you desire to sell. This avoids thinking with your emotions and making irrational decisions when your faith is tested.
4. Know Your Goal
Why are you investing in the stock market? Do you want to make money fast but risk a lot of your capital, or are you looking for the slower but more safe increase in profit? Use investment vehicles will take you to where you want to be in the end with your goal.
5. Beware of the Bubble!
Most people think that when a stock is making money and doing well that it well continue to do so forever. This could not be further from the truth. There is always a ceiling or bubble that will form and when the bubble gets to big or when the stock is at its pinnacle of earnings for that time being, the bubble will burst and the stock will start to decline for a time period. Don't get trapped in the ideology that the stock you own will always go up; think objectively and keep your emotions in check.
If you like what you've read, check out my blog @ paperpathfreedom.wordpress.com, for more in depth articles that will put you on the path towards MAKING MONEY for the rest of your life!
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Tue May 24, 2016 2:29 am
chetanepic New Member
Cash: $ 1.50
Joined: 15 Apr 2016
Very effective tips!!
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