What advice do you wish you had when you started investing?

Thrugelmir

Be bold.

Be contarian ( when the times right) .

A banked profit is better than a paper one.

sabretoothtigger

1) Good things happen slowly

Invest regularly is a good thing. Very few people will ever know what the bottom price will be but regularly done if its the right place, will be profitable.

So for shares that means you are buying over 5 years. If you only bother to take an interest in year 1, its not as likely to succeed.

For housing it might be 10 years or more, obviously you have to buy all at once but with a mortgage you have to consider what the rate will be, the cost and thats the regular investment thats being made over at least 10 years. Expecting a quick profit or to know the bottom price (and rates cost) is not realistic

JoeCrystal

Be more aware of the trading costs in comparison of total cost...

cing0

Don't be greedy.
Sit on your hands to stop being tempted to get back into the market.
If your sitting on losses and have no cash to buy stock, sell some of your loss making holdings - I sell half of my loosing stock for example.

ses6jwg

The stock market is designed to transfer money from the greedy to the patient.

Paper profits aren't real profits.

Never underestimate the long term power of dividend re-investment.

Don't overtrade.

ed123_2

.......don't "invest" in the stock market put your money into savings accounts......the city boys don't put their money into the stock market, they put it into "high end" property...

Timingthemarket

To use a stop.

ses6jwg

ed123 wrote: »

.......don't "invest" in the stock market put your money into savings accounts......the city boys don't put their money into the stock market, they put it into "high end" property...

please point me in the direction of a savings account that can turn 1.,5k into 5k in less than 3 months

cepheus

Gosh after all that advice I bet the OP is really confused. How about do your own research and trust no-one, if that isn't contradictory!

ed123_2

.......or a stock market "investment" that can turn £5k into £1.5k.....