20 top tips to make you a more successful investor

Fsp Invest, 11 Nov. 2013

Tags: investing tips, investing, principles of investing, how to become a more successful investor, how to be a better investor, stock market principles

Trying to become a better and more successful investor is a top priority. There are some tips that have stood the test of time. These may be common sense, but it’s surprising how many investors ignore them. Read on to uncover 20 top tips to make you a more successful investor…

There is no hard and fast way to make money on the stock market, Dr Steve Sjuggerud in Investment U explains. If there was, we would all have the success of Warren Buffett.

20 investing principles to stick to

But if you stick to these simple principles, you’ll be amazed at the difference it can make to the way you invest and your success in the market.
  1. Not selling a stock for a gain, simply because you’re afraid of the taxes, is a bad idea.
  2. Avoid limited upside, unlimited downside investments.
  3. When all you have left is hope, get out.
  4. Don’t keep losing money just to “prove you are right”. Nobody cares.
  5. Forecasts are useless.
  6. Have patience and stick with your discipline.
  7. When it’s time to act, don’t hesitate.
  8. Expert investors care about risk, novice investors shop for returns.
  9. Don’t lose money.
  10. You can learn more from your bad moves than your good.
  11. A rising tide raises all ships, and vice versa, so assess the tide, not the ships.
  12. Shares fall more than you think and rise higher than you can possibly imagine.
  13. Very few people have had great success short selling, even in bear markets.
  14. You can’t know everything about everything.
  15. Since you can’t know everything, seek out specialists who know their areas.
  16. If a company’s sales are shrinking, the business isn’t growing anymore.
  17. Real estate cycles are not the same as stock market cycles.
  18. Investing in what’s popular never ends up making you any money.
  19. Know your investment edge and don’t stray too far from it.
  20. Bear markets begin in good times. Bull markets begin in bad times.
So there you have it, 20 top tips to make you a more successful investor.

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