This is the second installment of the Investing Principles series at BeMightyNow. Please SUBSCRIBE now to get the latest update delivered to your RSS Reader or your email address.

If you adhere to these investing principles, then you embark on that path that will eventually lead to better investment deals for you.

6. When you’ve let of a stock or mutual fund, forget them. If you keep on looking back and asking yourself “What if I held on?” or you regret over the soaring prices now, you won’t get over it and you’ll just be more wary the next time you invest and make difficult decisions. In this kind of environment, when you let go of an investment, then you better really let it go. Fretting will just lead to heart attacks! 

Image credit:www.askmen.com

Read the rest of this entry »

Investing Principles need not necessarily be difficult or frustrating. There is no magic formula for investing as some gurus may claim. What you need is good solid research and a willingness to do what is needed to succeed in investing. Whether you are engaged in student investing or you have been investing in the past few years, then you still need the basic investing principles if you want to be successful!

Here are five investing principles for students and beginners that are worth looking at. We start with five now and then stay tuned for the next ten principles. If you want BeMightyNow articles delivered straight to your RSS reader or your email, please SUBSCRIBE now.

1. Start investing early. Age is not a consideration in investing. But the earlier you start investing, the better your compound interest will be. This will lead to better yield and bigger gains for you. If you also keep at adding money to your investment and be wise in doing it, you will reap huge benefits after ten to twenty years.

Read the rest of this entry »