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Investment Basics
Tips On Building Your Portfolio
Making your portfolio grow is the goal of every investor. Here are some useful tips to help you increase your investment portfolio.
Tip 1: Have a plan. Tip 2: Have goals. Tip 3: Do your homework. Read prospectuses, check indexes, find out all you can. Tip 4: Invest regularly. Tip 5: Reinvest your proceeds. Tip 6: Diversify. Tip 7: Stick to mainstream investments. Tip 8: Pick quality investments such as high grade bonds, stocks and securities with a strong track record. Tip 9: For growth, focus on stocks. Invest for the long term. Tip 10: Avoid commodities, options and futures. Tip 11: Avoid limited partnerships. Tip 12: Remember to figure the actual return-the expected return minus inflation. Tip 13: Monitor your investments periodically. Check your investments' returns against their benchmarks. Tip 14: Don't panic and sell a good investment when it's in a slump. Tip 15: Don't get greedy and hang onto an investment you were planning to sell at a certain price because you think it might go higher. Tip 16: Never give a broker the right to buy or sell without your prior approval. Tip 17: Never buy from a stranger over the phone. |
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