Be the one to make the decisions
Although it is important to take the advice of stockbrokers or portfolio managers, ultimately only you can make the decisions about your investments. After all it is your investment. Be in control of your own investment.
Educate yourself
We recommend that you read as widely as possible about financial markets. Financial Market reports published by a number of stockbrokers or portfolio managers is always a good place to start. You can also request to be put on the mailing lists of many brokers and even receive daily stock market prices. You can also access latest stock market information on the websites of the stock market you are interested in.
Be Patient
The stock market is hardly a get rich quick scheme. Investors who are preoccupied with short-term returns often put themselves under pressure to sell often selling too quickly and missing good returns
Diversification
Spread your risk by spreading your investment across a number of counters.
Always invest in quality
Blue chips counters should always be part of your portfolio to provide investors with a defence against market volatility.
Take profits
Once in a while take profits if you have made a reasonable return. When your shares are also in the red and there are no reasonable prospects of an upswing don’t be afraid to cut your losses, revalue your portfolio and pick up shares on the cheap again.
