Rules for successful investing

Objectives – Is it critical to understand why you are investing? You must have a clear and written goal to increase fixed assets over a certain period of time with a certain profitability; Methods and tools will depend on investment objectives (ie where and how?) Making an investment plan – investing without a plan is like going without direction. Where the road will lead you will never guess. Not the fact that you will reach the goal. Forget emotions and act strictly according to plan. In general, emotions when investing are obviously reckless and exciting, but they do not help to make money. Losing is yes! But that's not what you want, is it? Then strictly follow your personal financial plan, even if you have a risky investment. Adjust your financial plan as you change revenue, composition, and timing of meeting investment targets. The plan must be appropriate for the current situation. Satisfactory performance – The concept of “satisfactory performance” is quite vague. Each person has his own understanding. What kind of income can be considered satisfactory, but do not forget, the return on investment is proportional to the degree of risk. The higher the income, the greater the risk of losing everything. Realize your willingness to take risks. How much are you willing to lose? Your investment strategy will depend on the answer to this question. Capital preservation – limit risk, investments should be at different levels of risk.

The main thing is to save money. Increase your investing professionalism, or entrust this work to professionals. Patience. To reach the end of the road, just walk. To implement the plan, you need to perform the actions prescribed therein. Do not withdraw investments early, even with a short-term drop in value. Only long-term investment can generate significant income. At the same time, the investment amount is not important, the regularity and period for which you invest the money are important. Do not invest borrowed funds. Borrowing money will put psychological pressure on you, and you will make investment decisions not based on the current market situation, but based on the fact that it is time to repay the loan. By the way, if you have debts and loans, get rid of them first, and only then start investing. If you follow all these principles, you can save and increase your money. Investing is a long, pragmatic and emotionless process. In general, it's not the way Hollywood movies portray it. This is a plan you can follow step by step to ensure your independence.

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