"By wisdom a house is built. And by understanding it is established. And by knowledge shall every room be filled with precious and pleasant riches!" - Bible
Always do your own homework ...
The more you know, the better you will always be! This requires that you keep educating yourself, and pay attention to all possible events that could affect you.
Understand personal finance matters that could affect you. Understanding how each of your investments match the rest of your portfolio and your overall strategy. Understand the risks associated with any investment.
Collect impartial and objective information. Get a second opinion, a third opinion, etc. Be careful when evaluating the advice of anyone with a vested interest.
If you are going to invest in stocks, learn as much as you can about the companies you are considering.
Understand before you invest!
Research, research, research!
Read books and educate yourself!
Experimenting with different strategies before you put your own money at stake. Examine all available historical data. Try fundamental analysis, technical analysis try a portfolio, a dividend portfolio, a price / earnings growth of the portfolio, and everyone else that you could imagine. In the process you'll find out what works best for you.
Learning from your own mistakes ...
But usually try to learn from the mistakes of others.
Copyright © 2005 I.E.C. Haramis
Ioannis - Evangelos C. Haramis was born in Greece in 1951 and studied in Greece, the U.S. and Belgium. He has been active in the equity markets since 1972. Since 2002 he is New Business Development Managing Director at an investment bank...
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