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The Best Investing Strategy

Apr 11, 2008
The best investing strategy is easy to state: Buy low and sell high. It sounds so simple, but it seems people have a lot of problems figuring out how to really apply this to their own life. Unfortunately, many people will buy the hot stocks of the day and then sell if they believe they are losing money. Here are some tips on how to apply the best investing strategy to your own personal investment plan.

Take emotions out of the investment process. Just because an investment might drop overnight does not mean you should panic and sell. Likewise, if you attend an investment seminar, do not get your checkbook caught up in the rah-rah of emotions. Before making an investment decision, make sure you check your emotions to verify they are not getting in the way. Investment decisions should be made upon facts.

Buy what you know. World-famous investor Warren Buffet offers this advice over and over again. It seems to work for him, so apply it to your own life. If you are a fashion consultant, learn more about the industry trends. You will feel more comfortable investing in what you know because you can apply your own experience to the decision.

Invest for the long term. Investments can peak and dip sometimes in a span of hours. If you try to capitalize on every peak and dip, you will drive yourself crazy watching the market and trying to react in time. Instead, make decisions that you believe are going to net you results over a larger period of time.

Budget, plan and know. The best investment strategy is to stay knowledgeable. You need to understand your own budget, how much you can invest, how much you can afford to lose, how long you have to invest and more. Put some effort into planning your financial future by first understanding where you are now.

Almost all investment choices have some risk, but also have some great possible rewards. Understanding your own tolerance for risk will help you select the investments that are best for you. Keep up to date on what your investments are doing to make sure they still fit your own personal preferences.

The best investing strategy will be different for every person. But keeping in mind that some of the best tips for selection involve understanding your own personality and your own situation will help you get a great start to building your wealth.
About the Author
Caterina Christakos is an experienced investor and instructor with World Capital Institute. Ever imagined yourself as a stock or commodities broker? Check this out: http://www.worldcapitalinstitute.com
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