Investing Tips to become Successful Investor
Investing Tips to become Successful Investor
Investing can be one of the best ways to grow your capital. Ultimately it offers you financial freedom. "Never depend on a single income, make an investment to create a second source."-Warren Buffet
Investment tips to become a successful investor are:
- Define your reasons for investing
- Invest in what you understand
- Never invest in a business that you cannot understand."- Warren Buffett
- Buy and hold a stock
- If you are not thinking about owning a stock for ten years, don't even think about owning it for ten minutes."-Warren Buffett.
- Be willing to learn
- Don't follow the herd
- Have a plan
When do I want to retire?
Sources of income?
- Know the difference between price and value
- Price is what you pay, value is what you get.
- Review and rebalance your portfolio regularly
- Take your risk tolerance level into account
- Continue learning
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