Stick to these three vital investing lessons to capitalise over the long-term

by , 10 February 2015

When you invest, it's easy to be concerned with what's going on with the here and now. And to also seek quick rewards.

The fact is, investing with a long-term horizon is your best bet. There are a few principals you should follow to give your investments the best chance of success.

So what are these investing lessons?

Read on to find out…


Investing lesson #1: Beware of investing experts


When it comes to investing (and your money), no-one cares more about it than you. This means you should be very wary of what experts tell you, especially those you don’t know much about.

Only do with your money what you feel comfortable with. Conduct your own research. And ensure you understand what you’re doing before committing a cent.


Investing lesson #2: Start investing as early as you possibly can


As with so many things financial, the earlier you start, the better it is for you and your finances.

The longer you invest means you can benefit from compounding. Compounding can take a small amount of money and turn it into a substantial amount of money if given enough time.

For instance, think about retirement planning. If you put this off, the later you leave it, the more you’re going to have to contribute to achieve the retirement that you need and want.


Investing lesson #3: Don’t dither on decisions


When you invest, you’ll have to make decisions along the way. And many of the decisions you have to make concern your money.

For example, maybe there are laggards in your portfolio that you haven’t got round to selling and they’re dragging your portfolio down.

It’s vital to use different investment strategies to deal with aspects of your portfolio and stick to them. You want to try to automate how you make decisions.

With investing, being decisive pays dividends.

So there you have it. Three vital investing lessons to stick to over the long-term.

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Stick to these three vital investing lessons to capitalise over the long-term
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