My Personal Financial Resolution for 2015
Investigate before you invest and not vice-versa.
Buy companies doing business that you understand.
In times of panic, be greedy and buy good companies.
Control your emotions - greed and fear.
Be honest with yourself - book a loss if you think you have gone wrong.
Avoid momentum buying/investing. Do not fall prey to herd mentality and take tips with a pinch of salt.
Buy more of a stock if it falls, provided you have confidence in the company.
Don't gamble - no day trading, no leveraged deals and no loan against shares.
Follow your stocks periodically and see that all conditions like entry barriers and basic investment ingredients, continue to be in place.
Hold a company or stock investment for 3-5 years.
Always look for bargains.
Look for businesses that are in potential growth areas.
Avoid companies that are in dying business segment, even if they offer value.
Invest in businesses which have sustainable competitive advantage.
Investigate before you invest and not vice-versa.
Buy companies doing business that you understand.
In times of panic, be greedy and buy good companies.
Control your emotions - greed and fear.
Be honest with yourself - book a loss if you think you have gone wrong.
Avoid momentum buying/investing. Do not fall prey to herd mentality and take tips with a pinch of salt.
Buy more of a stock if it falls, provided you have confidence in the company.
Don't gamble - no day trading, no leveraged deals and no loan against shares.
Follow your stocks periodically and see that all conditions like entry barriers and basic investment ingredients, continue to be in place.
Hold a company or stock investment for 3-5 years.
Always look for bargains.
Look for businesses that are in potential growth areas.
Avoid companies that are in dying business segment, even if they offer value.
Invest in businesses which have sustainable competitive advantage.
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