1.) The unthinkable can and does happen…….. to every investor.

2.) Design and stick to your long-term plan ……… you’ll encounter plenty of temptation.

3.) Save and invest regularly …….. it’s a must for your game plan.

4.) Understand what you buy …….. it affects how easily you reach your goals.

5.) Mind the risks and spread your money around …… also known as diversification.

 6.) Buy quality investments …….. they can usually survive the bears longer.

7.) Be patient, but sell if your investment isn’t working …….. all losses start out small.

8.) Don’t chase hot performance ……. it has a nasty habit of cooling off quickly.

9.) Understand all the fees you pay ……. some are not so apparent.

10.) Bull markets begin in bad times …….. bear markets begin in good times.

For the full article, see the Financial Post: http://network.nationalpost.com/NP/blogs/wealthyboomer/archive/2010/04/12/ten-timeless-investing-wisdoms.aspx

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