I can’t even count the number of investing books I’ve read. The problem with most investing books revolves around the fact that they’re, well, books. The stock market can be extremely confusing. It suddenly becomes much more clear when you set aside a certain amount of money and just invest. Of course, you don’t want to go in blind. Thus, if you decide to go all in (with a small pot), check out these nine tips:
- Don’t invest like a hedge fund manager
- Don’t quit when you get back to even
- There’s always a chance for take-overs
- Don’t let short-term poor performance alter your long-term expectations
- Invest, don’t trade
- Trust your instincts, not your friends
- Love the product, not the stock
- Your portfolio doesn’t need to replicate the market
- Avoid technical analysis
Guess where this is from?
Nope you’re wrong, it’s actually from Jim Cramer.
I know, I know. At first I couldn’t believe it. This is actually great advice.
Although Cramer has been getting hammered in the press, I do support the advice above. I just wish he followed it, heh.
