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: 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. Always do your own analysis on a company before investing your hard-earned money. Tips do sometimes pan out, depending upon the reliability of the source, but long-term success demands deep-dive research. Pick a Strategy and Stick With It
There are many ways to pick stocks, and it’s important to stick with a single philosophy. Vacillating between different approaches effectively makes you a market timer, which is dangerous territory. Consider how noted investor Warren Buffett stuck to his value-oriented strategy and steered clear of the dotcom boom of the late '90s—consequently avoiding major losses when tech startups crashed.