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"The individual investor should act consistently as an investor and not as a speculator." - Ben Graham
You're an investor, not somebody who may anticipate the future. Base your conclusions on true facts and analysis instead of risky, insecure forecasts.
"It's not how much money you make, but how much money you keep, how hard it works for you, and how many generations you keep it for." - Robert Kiyosaki
If you're a millionaire early in life, but lose it all by midlife, you've gained zip. Grow and protect your investment portfolio by cautiously diversifying it, and you will find yourself funding a lot of generations to come.
"Know what you own, and know why you own it." - Peter Lynch
Do your preparation before making a choice. And once you've made a choice, make certain to re-evaluate your portfolio on a timely basis. A sensible holding now might not be a wise holding in later.
"Financial peace isn't the acquisition of stuff. It's learning to live on less than you make, so you can give money back and have money to invest. You can't win until you do this." - Dave Ramsey
By becoming modest in your spending, you are able to ensure you'll have enough for retirement and may give back to the community also.
"Investing should be more like watching paint dry or watching grass grow. If you want excitement, take $800 and go to Las Vegas." - Paul Samuelson
If you feel investing is gambling, you're doing it incorrectly. The work involved calls for planning and patience. All the same, the gains you see over time are stirring!
"Bottoms in the investment world don't end with four-year lows; they end with 10- or 15-year lows." - Jim Rogers
Although ten - fifteen year lows are not typical, they do occur. During these depressed times, don't be shy about going against the curve and investing; you might bring in a fortune by making a fearless move - or lose everything.
"I will tell you how to become rich. Close the doors. Be fearful when others are greedy. Be greedy when others are fearful." -Warren Buffett
Be geared up to invest in a down market and to "get out" in a zooming market.
"The stock market is filled with individuals who know the price of everything, but the value of nothing." - Phillip Fisher
A different testament to the fact that investing without training and research will finally lead to regrettable investing decisions. Research is much more than merely listening to public opinion.
"In investing, what is comfortable is rarely profitable." - Robert Arnott
From time to time, you'll have to step out of your comfort zone to make significant gains. Understand the boundaries of your comfort zone and exercise stepping out of it in little doses. As much as you have to know the market, you have to know yourself also. Can you handle remaining in when everybody else is bailing out? Or pulling out during the greatest rally of the century? There's no room for pride in this sort of self-analysis. The greatest investment scheme may turn into the worst if you don't have the stomach to stick with it.