10-06 Summary

Congratulations! You made it through the basic investing course unscathed, armed, and ready to begin a long, successful investment career. You have enough information to begin with some confidence. Remember, you can test your personal investment strategy using the real world simulation. You’ll get all the excitement and results you’d achieve in the market – Read More…

               

Developing a workable investing strategy – and sticking to it through its high and low points – is the major component of your overall action plan. You need to create an investing strategy that is “comfortable” for you. If it doesn’t fit you, you won’t stick to it. Here are some proven ways to select Read More…

               

10-04 Practice, Practice, Practice

Like all good athletes, musicians, actors, and astronauts, the word “practice” is central to performance success. The newer investor should adopt this action plan. Just as few people are born knowing how to hit a baseball or play the piano, successful investors are made, not born. Your investment education should not stop with this course. Read More…

               

10-03 Staying Informed

Even if you start out as a “buy and hold” investor, staying informed at all times is a critical component to your investment career. Should you be tempted to walk the ever-exciting and dangerous tightrope of day trading, your stream of current information is even more important. Here are some suggestions that will keep you Read More…

               

10-02 Ten Mistakes to Avoid

Over-diversification. Sure, every expert with a pencil, computer, or microphone keeps telling you to diversify your portfolio. They are right, but they often neglect to tell you the rest. For example, assume you only have $200 to invest. You buy 40 different stocks at $5 each. Guess what? Now you’re too “thin” and you have Read More…

               

10-01 Ten Keys to Remember

Here are ten important things to remember as you take the next step in your investing journey. These are real world keys that you should embed into your conscious brain to help you become a consistently smart or profitable investor. Understand and control the fees and costs of your investing activities. Ask your broker how Read More…