What Albert Einstein Wants To Teach You About Investing?
4. Choose the Right Path
Your level of understanding, character and wealth should decide the pathway that you select. The most popular strategies are not to put all you eggs in the same basket, i.e. not to invest all your money in a single investment scheme and look for opportunities. If you are putting all your eggs in a single basket, it is very much necessary to keep a careful watch on the market conditions. Combine both of these strategies by making tactical bets on a core passive portfolio.
5. Never Fear Failure
‘Never Fear Failure’, this one of the most crucial lessons in the way of becoming a successful investor. One needs to understand that investments are subjected to market risks and therefore there will be situations where your analysis and decisions might not work out as planned. These will be situations when you need to learn from your mistakes instead of loosing hope.
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