Did you know that buying the stocks is the easy part? Picking the companies that beat the market on a consistent basis is the part that proves to be rather challenging. Here are 4 tips to help you succeed.
1)Check your emotions
I cannot emphasize this enough. You need to check your emotions at the door. It is very similar to leaving your problems at the door when you go to work. Your IQ does not matter in investing. What matters is you being able to read the temperature in the room. You need to know when to make a move and when to leave it alone.
“It is called Gibb’s gut!”
You need to get out of your head and rely on your gut to do the talking.
2)No ticker symbols
You need to invest in the company, not the symbol. You are buying a part of the company when you invest. Put on your “business buyer” hat and learn about the company. Find out about the goals and the long-term prospects. The more you learn about the company, the fewer mistakes you make.
3)Plan ahead for a rainy day
You will face times of panic. Find out as much as you can about the stock before you decide to buy a stock. Buying a stock is similar to investing in a relationship. One knee-jerk reaction can ruin a good thing forever.
4)Build it up
The story of the tortoise and the hare comes to mind. The hare was arrogant and he got stupid. He exhausted himself and lost the race. The tortoise took his time and he won.
Draw your own conclusions! See ads inc ipo nasdaq for more information.