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@pai291

The Average Investor’s Commandments

  1. Think Long-Term. It’s very rare for a sudden move in price to mean very much Things will balance out so be patient.
  2. Always keep a few months expenses around in case something happens and invest the rest.
  3.  Buy What You Believe In. If you do not know or understand what you’re buying, don’t buy it. Invest in something that you personally believe in.
  4. Do Your Own Research.
  5. Set It and Forget It.
  6. Consistently Contribute.
  7. Be Fearful When Others Are Greedy.When everyone is a winner you should be concerned.
  8. Be Greedy When Others Are Fearful.The best time to buy is when the world is on fire, not just the typical knee-jerk reaction of the media.
  9. Find and Remove Frivolous Fees. When the stakes are highest, so are the fees. Even a 1% fee can become significant over the long-term.
  10. Diversify. If it can fail, it will fail. Plan ahead for failure.

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IDEA EXTRACTED FROM:

Investing for Beginners: The Complete Investing 101 Guide for 2019

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