Simple tips to guide you to be a successful investor

As we come to the year-end, many people are planning for many things that they will do next year. Maybe one of them is to become an investor. Note that investing is not just rushing and setting up a business and wishing to multiply money but it is a calculated move based on informed decision. Before you set up that new business or even invest in stock take note of the following:

Make a preparation through education, building mental models and continual improvement
Follow your instinct, do not follow the herd, the herd will only do average
Calculate the value before looking at the price
Consider opportunity cost
Do not rush for any opportunity but wait for the right opportunities
Be decisive in your actions
Measure the risk, if possible avoid it. You can have a margin of safety and limit the downside
Acknowledge what you don’t know. Be ready to learn from others.

You can also read: Common Investing Mistakes you should avoid.

John Mulindi

John writes on a variety of topics. He blogs on topics ranging from social media marketing (SMM), search engine optimization (SEO), search engine marketing (SEM), email marketing, business, personal finance tech, entrepreneurship to personal development. In free time he likes watching football, reading, listening to music and taking nature walks.