7 Habits of a Successful Investor
1/ Education
It all starts with properly educating yourself
The best investment one could make is in yourself
Understand how to invest and the risks associated with it
Never stop learning
It all starts with properly educating yourself
The best investment one could make is in yourself
Understand how to invest and the risks associated with it
Never stop learning
2/ Strategy
It is important to build a strategy and define what type of investor you want to be
It is often that when people divert from their strategy, they tend to lose money
It is important to build a strategy and define what type of investor you want to be
It is often that when people divert from their strategy, they tend to lose money
3/ Rid Yourself of Emotions
The best piece of advice I can often give new investors is the importance of separating emotions from investing
Volatility is part of investing, so know that, and don't let emotions creep in causing bad decisions
The best piece of advice I can often give new investors is the importance of separating emotions from investing
Volatility is part of investing, so know that, and don't let emotions creep in causing bad decisions
4/ Do Not Get Complacent
Investing starts slow
There is no magic amount of money you need to start investing
However, look for ways to BUILD on the amount you invest
What you invested last year, try & beat that this year, & look to increase your investment every year
Investing starts slow
There is no magic amount of money you need to start investing
However, look for ways to BUILD on the amount you invest
What you invested last year, try & beat that this year, & look to increase your investment every year
5/ Strong Foundation
Regardless of the most recent stocks you have purchased, it all goes back to having a strong foundation
S&P 500 exposure is the foundation of my portfolio, so that no matter what happens, I can lean on the foundation of my portfolio
Consistency is key
Regardless of the most recent stocks you have purchased, it all goes back to having a strong foundation
S&P 500 exposure is the foundation of my portfolio, so that no matter what happens, I can lean on the foundation of my portfolio
Consistency is key
6/ Diversify Your Investments
When it comes to stocks, diversification is key
Own different types of stocks in different sectors
This also goes for your ENTIRE investment portfolio
- Stocks
- Fixed Income
- Real Estate
- Businesses
- Etc
When it comes to stocks, diversification is key
Own different types of stocks in different sectors
This also goes for your ENTIRE investment portfolio
- Stocks
- Fixed Income
- Real Estate
- Businesses
- Etc
7/ Tax Man
Far too often investors fail to understand the tax implications for things
Know ST gains vs LT gaines
Take advantage of retirement accounts
Know the tax implications of rolling retirement accounts
Far too often investors fail to understand the tax implications for things
Know ST gains vs LT gaines
Take advantage of retirement accounts
Know the tax implications of rolling retirement accounts
I hope you enjoyed the thread, if you did please:
1) Like and RT to spread the word
2) Follow @dividend_dollar
Have a great day
1) Like and RT to spread the word
2) Follow @dividend_dollar
Have a great day
Here is a great list of 5 Forever Dividend stocks
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