Title: 10 Tips for Successful Long-Term Investing
Headings: 10 Tips for Successful Long-Term Investing
10 Tips for Successful Long-Term Investing
What Are 10 Tips for Successful Long-Term Investing?
Key Takeaways
Understanding Successful Long-Term Investing
Ride a Winner
10 Tips For the Successful Long-Term Investor
Sell a Loser
Don't Sweat the Small Stuff
Don't Chase a Hot Tip
Pick a Strategy and Stick With It
Don't Overemphasize the P/E Ratio
Focus on the Future and Keep a Long-Term Perspective
Be Open-Minded
Resist the Lure of Penny Stocks
Be Concerned About Taxes but Don't Worry
Article Sources

Content: avoid clinging to arbitrary rules, and consider a stock on its own merits. 2:01
10 Tips For the Successful Long-Term Investor
Sell a Loser
There is no guarantee that a stock will rebound after a protracted decline, and it’s important to be realistic about the prospect of poorly-performing investments. And even though acknowledging losing stocks can psychologically signal failure, there is no shame recognizing mistakes and selling off investments to stem further loss. In both scenarios, it’s critical to judge companies on their merits, to determine whether a price justifies future potential . Don't Sweat the Small Stuff
Rather than panic over an investment’s short-term movements, it’s better to track its big-picture trajectory. Have confidence in an investment’s larger story, and don’t be swayed by short-term volatility. Don't overemphasize the few cents difference you might save from using a limit versus market order. Sure, active traders use minute-to-minute fluctuations to lock in gains. But long-term investors succeed based on periods of time lasting years or more. Don't Chase a Hot Tip
Regardless of the source, never accept a stock tip as valid.