Four top tips to help you succeed at investing in shares

Julie Brownlee, Fsp Invest, 28 Jul. 2015

Tags: investing in shares, investing tips, investing, investment tips,

Investing in shares comes with risks.

There’s the risk that you invest in a stock that plunges. There’s the risk that you sell out of a stock and it soars.

Risk is something you have to take on board with investing. The important thing is to follow some key principles to help keep you on the right track.

Read on to uncover four tips that will improve your chances when investing in shares…

Investing in shares tip #1: Don’t make it complicated

Investing in shares shouldn’t be complicated. You should have a simple investment strategy that you stick to and that works for you over the long-term.

Having a complex investment strategy is just going to make the whole process complicated. Chances are you’ll get bogged down in the detail and lose sight of your long-term investment goals.

Investing in shares tip #2: Ignore your emotions

This isn’t as easy as it sounds, especially when your money is on the line. But you have to control and ignore your emotions.

Listening to your emotions will likely result in you losing money. Your investment strategy should be systematic to avoid emotional triggers playing a role in your decisions.

Investing in shares tip #3: Be patient

Patience is a virtue for an investor.

As long as you believe in the reasons you bought a share, stick with it. Only sell if your strategy tells you it’s time.

The same goes for buying into stocks. If getting in at a good price means waiting for a while, wait. Your patience will pay off when a market dip brings a share back into your buy range.

Investing in shares tip #4: Have an interest in the stock market

Whilst you shouldn’t sit and watch every move in the stock market, it’s good to keep on top of the general goings on.

By watching other stocks and investments, you’ll also get better at gauging when trends are changing and what stocks are likely to be successful in the future.

So there you have it. Four top tips to help you succeed at investing in shares.

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