8 Rules for Successful Investing
With the market’s ups and downs, many investors are looking for new advice on how to best secure their financial future. But the best advice is the oldest advice: have patience and discipline.

Most people make their money over time, not overnight. While strategies should reflect the personal needs and circumstances of the investor, the overall plan should be the same for all. Here are the basic rules for creating a plan based on patience and discipline.

1. Have a roadmap of where you want to go. Identify your long-term goals and devise a strategy for getting there.
2. Don’t make decisions based exclusively on tax considerations. Tax laws change often, so don’t ignore high-quality investments just because of tax implications.
3. Buy and hold high-quality investments. Avoid the exciting, splashy investments.
4. Remember that what counts in the market is time, not timing. Successful investors buy stocks that they’re interested in when they have the money and hold them for a long time.
5. Diversify. Spread your assets among various companies in various industries.
6. Hold stocks and reinvest dividends.
7. Make your decisions carefully, but once you do your homework, act.
8. Review your plan regularly. Thinking long-term does not mean ignoring for a long time. Continually evaluate the objectives and strategies of your plan and make adjustments as needed.

 Article provided by CU Village.com through its Financial Resource Center content product.