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9 Stock Tips for Investment Success

9 Stock Tips for Investment Success

 

 

 

 

 

 

 

 

 

9 Stock Tips for Investment Success:

  1. As a new investor, be prepared to take some small losses.
  2. Always cut your losses at 10% below your purchase price.
  3. Persistence is key when learning to invest. Don’t get discouraged.
  4. Learning to invest doesn’t happen overnight. It takes time and effort to become successful at it.
  5. When getting started, it is important that you pick the right full service or discount brokerage. If you use a broker, make sure he or she has a good track record.
  6. As a beginner, set up a cash account, not a margin account.
  7. It only takes $500 to get started. Experience is a great teacher.
  8. Avoid more volatile types of investments, such as futures, options, and foreign stocks.
  9. Concentrate on a few, high-quality stocks. There’s no need to own twenty or more stocks if you have less than 10,000.00 invested.