The Golden Rules of Investing are essentially a common sensical approach which largely comes down to the emotional aspects such as Discipline, Patience, Greed & Fear.<\/p>\n
Remember these 10 golden rules of Investing.<\/p>\n
1. Risk is inevitable \u2013 What is Risk? Understanding Risk is the first part and then learning to Manage it. Reprinted from EnrichWise<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":" The Golden Rules of Investing are essentially a common sensical approach which largely comes down to the emotional aspects such as Discipline, Patience, Greed & Fear. Remember these 10 golden rules of Investing. 1. Risk is inevitable \u2013 What is Risk? Understanding Risk is the first part and then learning to Manage it. 2. Start …<\/p>\n
\n2. Start early \u2013 Benefit from compounding. Einstein has acknowledged Compounding as the 8th wonder of the world.
\n3. Have realistic expectations \u2013 Greed is bad. How much is too much? You never know what is enough, until you know what is more than enough.
\n4. Invest regularly \u2013 Not even God can time the markets. Timing\/Forecasting the markets is an illusion.
\n5. Stay Invested \u2013 Be a marathon runner. Markets tests patience and rewards conviction.
\n6. Don\u2019t churn your investments \u2013 It only increases costs. If you like gambling, go to a casino. For serious investing, stay put.
\n7. Spread your corpus \u2013 Each investment class is important. Don\u2019t put all your eggs in one basket.
\n8. Sell your losers \u2013 Hope doesn\u2019t make money, Wisdom does. We are biased against actions that lead to regret. People attach too much weight to gains and losses rather than wealth.
\n9. Hot tips usually burn your investments \u2013 Avoid them. Remember the reverse of TIP is PIT. So a tip usually dumps you in a PIT almost always.
\n10. Taxes are important \u2013 But not at the cost of a bad investment. Only Death and Taxes are certain, true ~ But don\u2019t make bad investments just to save tax. Don\u2019t be Penny Wise Pound Foolish.<\/span><\/p>\n