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Tips for Successful Long-Term Investin

edited September 2019 in Off-Topic
https://www.investopedia.com/articles/00/082100.asp?utm_source=personalized&utm_campaign=bouncex&utm_term=18189432&utm_medium=email

Tips for Successful Long-Term Investing

While the stock market is riddled with uncertainty, certain tried-and-true principles can help investors boost their chances for long-term success. Here are 10 fundamental concepts every investor should know:



Any others to add to this list?

Comments

  • edited October 2019
    Re: Tips for Successful Long-Term Investin (sic)

    “Peter Lynch famously spoke about "tenbaggers"-investments that increased tenfold in value. He attributed his success to a small number of these stocks in his portfolio. But this required the discipline of hanging onto stocks even after they’ve increased by many multiples ...”
    Rule #11 - Recognize that you’re not Peter Lynch - not even close.

    Aside from treating investing as if playing in a casino, this is a pretty thoughtful article. I never could get my head around momentum investing - which the article tends to support. I realize it works for some. But locking-in big gains, ISTM, is a viable alternative.

    I’m willing to take what the market offers - based on an allocation model appropriate for place and time in life. Those singles and doubles add up over time. When I can find an extremely depressed area that nobody wants to own, I’ll make a small wager. In today’s hot market, those opportunities are rare, if they exist at all. Last time such a wager worked was with PRLAX several years ago, which I snagged bottom fishing and released a few months later.

    Final thought, Who was it that said: “Rule #1: Don’t lose money?”
  • @hank: & you remember rule #2. Don't forget rule #1 !!
    Derf
  • @Derf - My memory’s not what it used to be. Thanks for the assist.
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