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What advice do you wish you had when you started investing?
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GrowingMyOwn_2
Posts: 8 Forumite
Mine would be:
1) Good things happen slowly
2) Investing is not a game of cricket - no need to hit every ball
3) Selling is hard
4) Don't believe the hype.
1) Good things happen slowly
2) Investing is not a game of cricket - no need to hit every ball
3) Selling is hard
4) Don't believe the hype.
0
Comments
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It is better to be in the worst performing fund in the right sector / country than the best fund in the worst sector!
Look at the historic cycles for housing, stocks, interest rates - what goes around come around
If it looks to good to be true - it is!0 -
When you find someone you THINK you can trust for advice, then get three other opinions on that advice. Then decide if the first advice was the best. If not, look elsewhere.
If advice is from a professional who knows their business well, it should be good and worth paying for.
SamI'm a retired IFA who specialised for many years in Inheritance Tax, Wills and Trusts. I cannot offer advice now, but my comments here and on Legal Beagles as Sam101 are just meant to be helpful. Do ask questions from the Members who are here to help.0 -
If it is being sold to the Retail market then the peak is here or near.
If it is popular with the Retail market then the peak is here or near.
Don't try do it until you understand it.
Just because someone agrees with you does not mean that they are right.Living for tomorrow might mean that you survive the day after.
It is always different this time. The only thing that is the same is the outcome.
Portfolios are like personalities - one that is balanced is usually preferable.
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Don't bottle it and stop investing when the markets are down. Such times should be considered buying opportunities.
R0 -
start early, spend less than you earn and invest the difference each month and remember the power of compounding0
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The advice I wish I'd had is "Never trust a man wearing a pin-striped suit and a gold watch."I am not a financial adviser and neither do I play one on television. I might occasionally give bad advice but at least it's free.
Like all religions, the Faith of the Invisible Pink Unicorns is based upon both logic and faith. We have faith that they are pink; we logically know that they are invisible because we can't see them.0 -
Stick to what you know not what you would like
Dont fight the markets
Dont enter a trade with minimal upside or downside not point trying to get short 5% when the trend is upwards just because its dipped.
think before you act
dont trade for the sake of trading0 -
Dont invest in the Framlington Netnet fund.0
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Save at least 10% of your net salary0
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Be wary of those heavily marketed H&L funds especially the new ones with no track record.'Just think for a moment what a prospect that is. A single market without barriers visible or invisible giving you direct and unhindered access to the purchasing power of over 300 million of the worlds wealthiest and most prosperous people' Margaret Thatcher0
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