Website Screenshots by PagePeeker The 4 Keys To Smart Stock Investing – Heres The Answers

The 4 Keys To Smart Stock Investing

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How in the world can we distinguish profitable and smart stock investing strategies from not-so-smart (ie dumb) investing strategies? It's a question I've been tackling for near a decade. I've ..

-read piles of books, magazines, and newspapers.

-spent thousands of dollars on subscription websites, seminars, softwares, you name it.

-Worked in the business, mingling with, and interviewing some of the biggest players.

-made a ton of money in a short period of time, and I've

-lost a ton in an even shorter period of time.

Make a long story short, I've been there, done that. And it was not only exhilarating, but highly educational. At the same time, though, it sucked quite a bit at points.

I want you to learn from my mistakes, leap-frog over the parts that suck, and go straight to the good parts, using a set of simple, smart stock investing rules.

Sounds good? Alright, let's get to it.

4 Key Principles For Smart Stock Investing

1. Buy What You Know. One of the smartest decisions you can make in investing is deciding to only buy stocks of companies which business you understand well. . This is one of Warren Buffet's rules. If you've been living under a rock and do not know who Warren Buffet is, you have a lot of reading to do:)

2. Do Your Time. Knowledge in investing is like an umbrella in a rain storm..Without it, you're screwed. Gaining knowledge takes time and effort. But smart stock investing does not take as much research as you might think.

3. Check Emotions At The Door. Most people do not realize how much psychology affects their investing. Emotion and money go hand-in-hand in our world. But you have to, have to, have to consciously separate money and emotion. It's very important, and rather difficult if you've never tried.

4. Do not Listen To Everybody Else. Investing is not a team sport. In fact, you're competing directly with other investors any time you buy or sell. Collaboration can be beneficial, but you should trust your own judgment over other people's.

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Source by Chris Mechanic

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