Investing’s ten golden guidelines

Investing may frequently be reduced to a few simple guidelines that investors can follow to achieve success. However, success may be as much about knowing what not to do as it is about knowing what to do. Furthermore, our emotions put a monkey wrench in the works. While everyone understands the importance of “buying low and selling high,” our personalities frequently encourage us to sell low and purchase high.

As a result, it’s critical to build a set of “golden rules” to guide you through the difficult times. When the market is rising, everybody may profit. When the market is stormy, however, the investors who survive and thrive are those who have a solid long-term strategy.

Following these 10 golden investing guidelines can help you become a more successful — and presumably rich — investor.

The first rule is to never lose money.

Let’s start with some classic investment wisdom from Warren Buffett, who once remarked, “Rule №1 is never lose money.” Rule №2 is to remember Rule №1 at all times.” The Oracle of Omaha emphasizes the necessity of avoiding portfolio losses in his advise. You may make more money from your portfolio if you have more money in it. As a result, a loss reduces your future earning potential.