An Educated Investor is a Smart Investor
Now that we're into a new year, Portfolio Bunny would like to give you some basic ideas about investing and trading that you should know, especially now that the market is in a defensive mode and you should be preserving cash.
Idea #1 - Become Educated
This doesn't mean more student loans, late night studying, and pop quizzes. It means learning how to invest by yourself using technical analysis layered over fundamental analysis. It means learning to find a registered investment advisor. It means keeping abreast of the markets and their trends.
Just like back in school, you have to ask questions. Question your advisor. Get to know your portfolio well, not just the bottom line.
If you do your own investing, ask yourself what you would do if you were using someone else's money? Would the next trade you have in mind be something you'd feel comfortable offering to a business associate or loved one?
Above all else, though, never forget to keep emotion out of your equations.
For more ideas... stay tuned.
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