The 5 Worst Stock Investment Strategies
So to prevent YOU from making the same mistakes, I'm going to lay out all the horrible investment strategies for you so that you don't make the same mistakes as everyone else, and start on the correct path to wealth in the market.
You're Not Going to Get Rich Quick
Nearly all beginning investors, along with a great number of "veterans," have the mentality that they're going to strike it rich. Well that's great, that's optimistic, but they expect it to happen right away. This is probably the worst investment strategy you can have…because it isn't an investment strategy!
They're assuming that they can beat the system and crack the code of the stock market that investors have been struggling to find for years! The tortoise is going to runs laps around the hare in this one, guys. What you need to do is develop an investment strategy that can work for you over the long run.
Don't Gamble
The majority of investors don't know when to buy low and sell high. This is one of the basics, but people continue to follow hot "investment strategies" and "trends" to strike it rich. In gambling, it's not about the big take. Good poker players, for example, make the most with their good hands and lose the least with their bad ones. Here's an investment strategy: play big, but play smart.
What's So Great About Your "Insider" Tip?
So many investment strategies are abandoned for the "insider tip" that guarantees millions. But here are some questions to think about…How many people have heard this tip before you? Has the investment strategy been circulating for long? And who did you hear it from? If this insider information was given to you by a friend instead of a listed company director, you're not going to have that great of an edge. If this hot and quick investment strategy has been around for a while…it's not going to be very quick any more and has probably lost its magic.
The Suicidal "Set and Forget" Investment Strategy
Holding onto your stocks for extended periods of time is just going to bring trouble. Stashing stocks away so that they can grow and mature into some rewarding fund later in life is NOT going to bring profit. There are too many things that can go wrong, with the company or the actual market, to create beneficial odds for yourself by using this old investment strategy.
Do You Really Know When to Buy or Sell?
Not knowing what to do, being unsure of yourself, and investing blindly will kick you out of the market before you know what hit you. This is an information age. There are investment strategies, techniques, and dozens of ways to analyze EVERYTHING. Use them. Study up. Don't just sit there with your eyes closed making the best guess you can come up with. Create an investment strategy that works for you. Stay on top of your game and more importantly…your money.
Related Tags: tips, stock market tips, stock market investing, stock market, strategies
Joe Harris provides all the proven stock market investing tools you need to succeed today, including investments in the gold market. For details visit his site:
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