Welcome to this edition of the Best of Money Carnival: 10 Investment Lessons!
While I was reading all those submissions, those 10 great posts remind me of 10 quick investment lessons one investor must never forget. Here we go:
#10 You Need To Consider Your Spouse Before Investing
You can be a real cowboy and be ready to lose it all on a single trade just for the sake of making THE trade that will make you rich. I guess that you should discuss your investment strategy with your spouse because you are not the only one that will be affected by a bad trading decision. Matt Bell presents How to Talk About Money Before Marriage posted at Matt About Money.
#9 Learn From the Big Guys, They Know More Than You About Investing
#8 You May Not Always Feel Right About Your Trade – Doubts Are Normal
#7 Boring Investments Are Usually Good Investments
MoneyNing presents What Would You Do with a Million Dollars? posted at Money Ning. He doesn’t talk about fancy cars or crazy vacation on a private island. Using your money carfully won’t make any good stories to tell during Xmas lunch but they will surely make you more money in your pocket!
#6 Investing Resources Can Be Free
Neal Frankle presents Creating A Financial Plan for Free posted at Wealth Pilgrim. As Neal outline, you don’t need to pay to get in good financial shape. Same for a good investing strategy; free online resources exist!
#5 When Considering Safe Investments; Don’t Forget The Inflation!
Madison DuPaix presents Are You a Victim of Lifestyle Inflation? posted at My Dollar Plan. Inflation is everywhere and you must be careful about it. It can eat up your yield (and your wallet) pretty fast!
#4 You Must Know Yourself Before You Invest
2 Cents presents Can a Personality Quiz Change Your Life? posted at Balance Junkie. He talks about the MBTI and how it works. I think it is very important to know your limits as an investor. If not, you can have bad surprises…
#3 Constantly Ugrade Your Investment Portfolio To Keep It Up-to-date
Echo presents Selling Your House: Home Staging posted at Boomer & Echo. Before selling your house, you can do some home staging and make your it more interesting. If you review your portfolio on a yearly basis, you can always keep it in good shape.
#2 Get A Solid Investing Plan
#1 There are Exceptions Everywhere
Flexo presents When Can You Lie About Money to Your Spouse? posted at Consumerism Commentary. As you can see, there are exceptions confirming the rule for each field. Gotta be careful when you invest following your set of rules 😉
I hope that you will enjoy those articles along with my quick investing lessons!