Investing 101: The one thing you need to remember when you invest

Julie Brownlee, Fsp Invest, 25 Mar. 2014

Tags: investing, investments, invest, investor, investment plan, investment opportunity, how to be a more successful investor, emotions,

When you decide on any investment, there is one thing you should always remember. That is: There will always be other opportunities to make money. By applying this to all your investment decisions, you’ll stop yourself from making several investing mistakes. Let’s take a closer look at why this point is so beneficial…

Don’t feel obliged to jump on the latest investment opportunity

When it comes to investing, you need to keep in mind that there will always be opportunities to make money, John Stepek in Money Week explains.

There is something within all of us that means we can make some terrible mistakes when it comes to our money. And this is because we’re all irrational investors.

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Yes, you may think that you’re in control of your emotions and always make the best informed decisions. But sadly this isn’t the case.

For instance, when you put money into a share, your emotions will tend to rule any decisions you make. If the share price rises, you’ll feel great. If it falls, you’ll start to panic.

But the good news is, there is a way to stop yourself falling privy to your emotions. You need to have a plan.

Find an investment plan that works for you

Different plans work for different people, so it’s crucial you find a plan that works for you.

The advantage of having a plan is it will automate your investment process. A plan means that you know why you’re buying a particular share. A plan means you know when you’ll sell a particular share.

And in the process, this plan will prevent your emotions from getting the better of you.

So before you jump into any investment because you’re scared of missing out, remind yourself that there will always be other opportunities to make money.

With a solid investment plan and keeping in mind this one simple thing, you’ll become a more successful investor.

So there you have it, the one thing you need to remember when you invest.

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