To invest well, you need to adopt habits that both maximise your returns while minimising yourWhen I first began investing, I sought help from investment books to inculcate good habits and practices.The book distilled many principles of good investment habits to its readers.However, you will be surprised to learn that there were similarities between these two investors.1. Preservation of CapitalAnd this means minimizing the risk of losses.
It is therefore of paramount importance for an investor to focus on preserving his capital first before aiming for a decent return.Of course, you completely avoid risks by not investing at all.Great investors such as Warren Buffett are averse to risk and try their best to look for high-return, low-risk investments.The key is to manage your risks well, either by buying at a cheap enough valuation or to size your position smaller as a proportion of your investment portfolio.
Through these experiences, you can then learn from mistakes and continually refine your investment system to ensure optimal performance. Looking to start investing? Our beginner’s guide will show you how to make the best buying decision and make fewer mistakes. Click
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