Here are some basic Principle of Smart Investments.
1. Diversify, Diversify and Diversify
2. Start investing early
3. Invest in things you know
4. Avoid fads
5. Don't let a market slump change your long-term investment plan
6. Don't check the price of a stock (or mutual fund) after you've sold it
7. Pay attention to what's going on with your investments
8. Be realistic about your tolerance for risk
9. Hold onto your winners and sell your losers
10. Get the best investment advice you can--and then think for yours
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