18 Golden Investing Rules That Will Make You Rich
Part 1 of 2. Part 2 is on the bottom.
If you or your close friends are investing in stocks you should read this.
Could you be more successful then Warren Buffet?
The world is constantly changing so why wouldn’t your equity portfolio do that? Stocks are changing and so does the world. We should continually switch stocks, weighting them right, and look for other sectors that are becoming more important for the world, for example green stocks or enviroment friendly. Try to follow the big trends, the megatrends that will drive in one path for more then 100 years.
Buy and hold strategy is often preceded by well known investors with names such as Warren Buffett, which has also been given the epithet of the world’s best investors. But we have to remember that it took several decades before he could call himself a billionaire. And regardless of popular belief, it is not just sitting on his hands that Buffett has become one of the richest people in the world.
Does Warren Buffen change his portfolio?
Buffett’s investment company Berkshire Hathaway does a lot of business all the time. 2019 In the third quarter alone, 750,650 shares were sold in Apple, 31.4 million shares in Wells Fargo, 1.6 million shares in Sirius XM and 370,000 shares in Philips 66.
What are the strategy that could be better then Warren Buffets buy and hold?
Richard Rosso from MarketWatch presents rules that will work better than a classic buy and hold strategy. I will writte them below with some modifications.
Here are the first 9/18 golden rules that could change your investment performance for the better?
Release your losers and let the winners run
Don’t invest without goals
Don’t attach yourself emotionally to your investments
Buy shares in a rising trend
Never let a profit be a loss
Buying and selling decisions are improved by combining fundamental and technical analysis
Do not increase weight in poorly performing positions
Follow the general market trend
Count on the risk of losing money, not the potential return
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Here are my other post about megatrends that I personaly like to follow / clickable
Do you have a strategy in investing?
Hint: Try to find out more about megatrends of the world. If you find them with some stocks connected to the trends, it could be your way for financial freedom. For tips of megatrends check out my other blogpost.
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I have no business relationship with any company whose stock is mentioned in this article.
Historical returns are no guarantee of future returns.
An investment in securities / funds can both increase and decrease in value and
it is not certain that you will return the invested capital.
The return may also increase or decrease due to changes in the exchange rate.
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MarketWatch. Avanz. DI. Google trends. MarketScreener.