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: Key Takeaways
The stock market is riddled with uncertainty, but certain tried-and-true principles can help investors boost their chances for long-term success. Some of the more important basic investment advice includes riding winners and selling losers; avoiding the urge to chase "hot tips"; resisting the lure of penny stocks; and picking a strategy then sticking to it. If your time horizon allows it, a focus on the future with an eye toward long-term investment can maximize profits for most any investor. Understanding Successful Long-Term Investing
Ride a Winner
Peter Lynch famously spoke about " tenbaggers "—investments that increased tenfold in value. He attributed his success to a small number of these stocks in his portfolio . But this required the discipline of hanging onto stocks even after they’ve increased by many multiples, if he thought there was still significant upside potential. 1 ﻿ The takeaway: