Investing can feel overwhelming sometimes, right? That’s why we compiled this list with ten tips to transform you into a successful investor.
- Start by selecting a qualified independent financial planner, preferably a referral from a trusted source.
- Research professional investment managers, monitor their investment styles and learn about their personalities, with your planner’s guidance.
- Select planners and managers who have a vested interest in your investments and how they perform.
- Invest in concentrated portfolios with limited holdings
- Focus on businesses with strong cash flow and a consistent record of profitability
- Understand and diversify what your money is exposed to.
- Avoid making decisions based on an investment past performance.
- Consider carefully what commentators say who are compensated by media readership or by the size of their audience.
- Concentrate on what’s best for you and your family, not others. You are a unique individual, so invest that way.
- Review this list before making an investment decision.
