Here are three important lessons from my grandpa Joe that you can use to boost your long-term investment results.Tesla and Apple have both been in the headlines recently, as their stock prices went so high that company leaders decided it was. That means pre-split shareholders will get more shares that are worth less each, for the same total value they had before. But one important part of a stock split is understanding that the fundamentals of the company have not changed.
That doesn't mean you need to be a biochemist to buy a biotech stock or a software engineer to buy a tech stock. But taking the time to understand how the company makes money and how it's performing is well worth it when making decisions about your portfolio.Some of my most favorite memories in Fayetteville began with a trip to the downtown bank where my grandpa could look up stock prices on a computer terminal in the lobby.
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