Financial markets can also be constantly changing, but best advice for investment are eternal. When it comes to the vast world of investment three words float to mind: overwhelming, intimidating and scary. For most beginner investors, and not only the questions that this raises world never ends.
Investopedia Summarize some of the best speeches by experts on the issue of investment over the years.
Some of the tips dating back in time from the time of Benjamin Franklin and others are contemporary analysts as Dave Ramsey and Warren Buffett. Jim Cramer and Jim Rogers also fall among successful investors who have nothing to advise beginners market participants.
Although financial markets are constantly changing, good investment advice no expiration date. Here are 17 of the most memorable investment advice:
1. “Investment in knowledge pays off the highest interest.” – Benjamin Franklin
When it comes to investing, nothing will pay off better than this one to educate. Always do the necessary research, study and analysis before making investment decision.
2. “The bottoms in the investment world does not end with a four-year minimum and a 10- or 15-year low.” – Jim Rogers
Indeed, 10- or 15-year lows are not common, but it happens. In such downturns do not hesitate to go against the trend and invest – you could make a lot of money with a bold step, or even lose the shirt on his back.
Remember Council No. 1 and to invest in an industry that you research well. Then be prepared to see their investment sink before the results turn around and start paying off.
3. “I’ll tell you how to get rich. Close the doors. I was afraid when others are greedy. Be greedy when others are fearful.” – Warren Buffett
Be prepared to invest when markets go down, and “exit” from rapidly rising markets.
4. “Stock markets are full of people who know the price of everything but the value of nothing.” – Philip Fisher
Another testament to the fact that investing without training and will eventually lead to investment decisions which will make you regret it. The study is much more than listening to public opinion.
5. “When investing what brings peace, it is rarely profitable.” – Robert Arnon
From time to time you have to go outside your comfort zone to realize a substantial profit. Know the limits of your comfort zone and try leaving it in small doses. You have to know very well not only the market but also themselves.
Can you hold an investment when others jump on board? Or to get out during the biggest rally of the century? There is no place for pride in this kind of introspection. The best investment strategy can turn into a nightmare if you do not have the courage to see it in perspective.
6. “How many millionaires who have become wealthy by investing in savings accounts, you know? That sums up my point.” – Robert Allen
Although investing in a savings account is a sure bet, your profit will be minimal, given the extremely low interest rates. However, do not give up such an account completely. Savings Account is a reliable place where you can store funds for emergency use, while the investment market is not.
7. “Invest in yourself. Your career is the engine of your wealth.” – Paul Klitrou
All we want wealth, but how to achieve it? It starts with a successful career that relies on your skills and talents. Invest in yourself through school books or better workplace where you can get a quality set of skills.
Discover your talents and find a way to turn it into a means of generating income. In this way you can really turn his career in the “engine of your wealth.”
8. “From time to time the markets do something so stupid that take your breath away.” – Jim Cramer
There are no sure bets in the investment world; There is risk in everything. Be prepared for ups and downs.
9. “The individual investor should act consistently as an investor and not as speculators.” – Ben Graham
You are an investor, not someone who can predict the future. Base their decisions on real facts and analysis rather than risky, speculative forecasts.
10. “The question is not how much money you’re doing and how they keep, how well they work for you and how many generations keep them.” – Robert Kiyosaki
If you are a millionaire by the time you are 30, but everything to lose at 40 years of age, then you have not won anything. Increase and maintain your investment portfolio by carefully diversified and can prove that you have secured many generations.
11. “Know what you keep and why they behave.” – Peter Lynch
Do your homework before making a decision. And once you’ve decided to make sure you do a reassessment of your portfolio regularly. Wise investment today may not be so appropriate in the future.
12. “Financial peace does not consist in the acquisition of things. It is to learn to live with less than we earn, we can donate money and have money to invest. You can not win until you make it . ” – Dave Ramsey
By being modest in your expenditures, you can guarantee that you will have enough money for retirement and will be able to assist the community.
13. “Investing should be more like monitoring of paint that dries or grass grow. If you want thrills, take $ 800 and go to Las Vegas.” – Paul Samuelson
If you think that investing is a gamble, you’re in the wrong direction. The work that it requires, includes planning and patience. Profits, however, which can accumulate over time can be really exciting. Patience is a key virtue of trading.
14. “I would not pay in advance. Instead, we will invest and leave your investment to cover it.” – Dave Ramsey
This board provides the perfect answer to the question: “Do I have to repay the money that I have _____ (fill in the blank), or to invest for retirement? Or in other words, the balance on your credit card can become a black hole if it does not pay quickly.
This means to repay debt with higher interest rates and keep this low interest rate.
15. “The four most dangerous words in investing are: ‘This time is different.” – Sir John Templeton
Follow the market trends and history. Do not speculate exactly that this time will be different. For example, the main criterion when investing in a particular fund shares or bonds presentation for a period of five years. Nothing short.
16. “Wide diversification is only required when investors do not understand what they do.” – Warren Buffett
In early diversification is important. Once you have gained experience and have confidence in your investment, you can structure your portfolio and thus make larger bets in individual sectors.
Diversification is critical, but excessive diversification of the portfolio carries its own risks.
17. “There recessions, there are periods of decline in the stock market. If you do not understand that this would happen, then you’re not ready, you will not do well in the markets.” – Peter Lynch
When you come upon a recession or decline in the stock market, you should keep your course. Economies are cyclical, and the markets have shown that they will recover. Make sure you participate in their recovery.