5 Basic rules of successful investing!

 

1. Wealth takes time.

Once you invest the money takes time to increase and sometimes the stocks bought do not work out and you end up loosing money, so patience and time is everything when investing.

 

2. Most financial problems are caused by debt.
You can be a brilliant worker (or investor) and find yourself in financial ruin if you don’t respect the power of debt. Income, wealth, and standard of living aren’t as correlated as people think.

3. Forecasting market returns is close to impossible. Worse, it’s dangerous.
Assuming we can predict exactly what stocks will do in the future makes us blind to risk and uncertainty. Coming to terms with an unpredictable future forces us to be nimble and prepared. You can guess which group does better.

4. Simple can be better than smart.
Good businesses run by good people purchased at good prices held for as long as possible. That’s it.

5. The odds of experiencing stock market volatility are exactly 100%.
Stocks produce superior long-term returns, but at the cost of higher volatility.