Investing... 7 Rules to Making Money

Making money and growing your wealth can be a rocky path. To be successful you need to follow these 7 rules.

1. Have a goal, a destination. Know where you want to be, have an immovable fixed point.
2. Expect that there will be losses and problems along the way but have the commitment to overcome them.
3. Accept risk is part of investing and have a strategy of how to deal with a bad investment.
4. Cut your losses and know before you buy, at what point you will do this.
5. Take your profits when available and lock in the gain, remember you will never go broke taking a profit.
6. Investing is a life long activity… it is never too late.
7. Act now.

You only fail if you do not try.
 
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