5. Be Ready To Take Risk

Risk has its claws in each and every business. The probability of risk is higher in investments because there’s no guarantee that you will get the same returns as you have invested in it. The main goal behind investment is making money, but making money is not everyone’s cup of tea. Never plan in a vague manner when investing into something as you will be susceptible to risk.

6. Don't invest for 10 minutes if you're not prepared to invest for 10 years

People who invest get weary about share prices when they constantly measure its fluctuations in the market. If you do not have the mindset of an investor then it’s better not to invest because investment is not about short term returns but it’s all about long term returns. A smart investor needs to think before selling an investment that may be in a loss due to certain economic factors but has tremendous potential to rise in the future.