There is a great article on Blogging Stocks that discusses what the author would have done differently over his lifetime had he been investing with today’s wisdom. Below are his 5 pieces of advice and you can click through here to read the full explanation.
My advice though is quite simple. Only invest in companies that have shown a track record of consistent growth and them actively manage your investment in that company so that you avoid the inevitable times when the market goes against even the best of companies.
- Don’t try to hit the ball out of the park with every investment.
- Save more!
- Do more homework on sites (like the stocks that I rate here at Confident-Investor.com and call out as Good companies).
- Diversify the portfolio
- Buy more bonds (this is almost the same as 4).
Check out the original article, it is a good read.
Interestingly empowering•