Golden Rules of Investing

New (and experienced) investors must keep in mind that investing comes with risk. New investors, in particular, are likely to make some mistakes as they’re learning the ropes.

Understand Your Personal Risk  Tolerance

If a steep drop in your portfolio is going to cause you extreme anxiety – or cause you to make knee-jerk investing decisions – then you might want to tilt your portfolio more conservatively.

To correct that, you’ll want to rebalance once or twice a year to get back to the asset allocation that works best for you.

Rebalance Regularly

Consider Your Time Horizon

That’s because the younger investor has plenty of time to let their investments recover any potential losses before they need to tap into them.

Like fees, the taxes that you pay on investment gains can significantly eat away at your profits.

Maximize Tax-Advantaged Accounts

Stick with Your Plan

Investments fluctuate over time and prices will change. If you have a long time horizon, you may not need to be overly concerned with how your portfolio is performing day to day.

Make It Automatic

One of the easiest ways to build up an investment account is by automatically contributing a certain amount to the account at regular intervals over time.

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