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Before you begin to invest money, map out an asset allocation plan to stick by. Make it diversified and systematically rebalance it over time.
Be careful to avoid investing in stocks based on like or dislike of the company. Deciding to invest is harder than deciding to like or dislike.
Don't try to play the common game of "timing" the market by handpicking domestic equity stocks. Ultimately most people lose money doing this.
Always use strong risk management for your orders. It will help to save your money.
Investors armed with basic investment principles, well-defined goals, and a reasonable self-awareness increase the likelihood of investment success.
Consider investing in a nonprofit mutual fund instead of a for-profit fund. These funds generally do well and don't charge as many fees.
If it sounds too good to be true, it probably is. Steer clear of opportunities that offer no risk and guaranteed high-returns. They don't exist.
Understand that there are costs associated with buying, managing and selling investments which can have a massive effect on the value of your savings.
Pay off high-interest debts first, as the interest you're paying on them will outstrip the benefits of savings.