Building Your Portfolio
Tips On Building Your Portfolio
Making your portfolio grow is the goal of every investor. Here are some useful tips to help you increase your investment portfolio.
Tip 1: Have a plan.
Tip 2: Have goals.
Tip 3: Do your homework. Read prospectuses, check indexes, find out all you can.
Tip 4: Invest regularly.
Tip 5: Reinvest your proceeds.
Tip 6: Diversify.
Tip 7: Stick to mainstream investments.
Tip 8: Pick quality investments such as high grade bonds, stocks and securities with a strong track record.
Tip 9: For growth, focus on stocks. Invest for the long term.
Tip 10: Avoid commodities, options and futures.
Tip 11: Avoid limited partnerships.
Tip 12: Remember to figure the actual return-the expected return minus inflation.
Tip 13: Monitor your investments periodically. Check your investments’ returns against their benchmarks.
Tip 14: Don’t panic and sell a good investment when it’s in a slump.
Tip 15: Don’t get greedy and hang onto an investment you were planning to sell at a certain price because you think it might go higher.
Tip 16: Never give a broker the right to buy or sell without your prior approval.
Tip 17: Never buy from a stranger over the phone.