#2 Be calm during volatile market conditions.

 Generally, if the economy is stable, the stock markets go through natural dips and spikes. In recent years, this hasn’t been the case owing to the dramatic crash of the markets in 2008. Most people tend to buy shares that are recommended at the moment. This can lead to buying when the stock is at its peak, and selling as soon as there’s a slight whisper of a dip. An investor who succeeds is aware that when the market is low, it’s time to purchase ‘on sale’.  Learn the normal rhythms of stocks (also called volatility) and follow your plans.

#3 Diversify your assets

The term ‘diversify’ is easily understood in theory, but what does it mean in practice? Everyone has a different idea of what diversity means. Many think that splitting assets between banks, or investing in multiple companies in the same sector, is diversifying.  Diversification is method of minimizing risk by merging different kinds of investments to find growth opportunities while keeping the overall base safe and secure. The object is not just to put eggs in different baskets, but into baskets of differing strength.

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