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Investing
10 + 4 Commandments To Stocks And Investing
21st August 2007
Apparently htere are commandment to be followed when investing in stocks too! I'm a firm believer that like everything else in life, there are rules to money, finances and investing. Knowing these rules can mean the difference between success and failure. The following rules to stocks and investing were given by I.E.C. Haramis (Source: Greekshares.com). Haramis says that if:
1. You don't invest you lose...
You will lose.
2. You don't manage risks...
You will lose.
3. You follow tips...
You will lose.
4. You don't investigate before you invest...
You will lose.
5. You panic...
You will lose.
6. You want to speculate...
You will lose.
7. You don't understand your finances...
You will lose.
8. You don't use cost averaging...
You will lose.
9. You want to play...
You will lose.
10. You are greedy...
You will lose.
11. You place all your eggs in the same basket...
You will lose.
12. You don't know when to invest...
You will lose.
13. You can't affort to lose...
You can't afford to make a profit.
14. You follow what I.E.C. Haramis says...
You will make a profit.
"If you want to make money, go where the money is." - Kennedy
Comments (10):
Ryan Says: This Haramis guy is hectic | 08.21.2007 |
Josh Says: Go where the money is if you want to make money and I guess Haramis is right if you just go into the stock marketing without investigating then you will definately lose | 08.21.2007 |
Benita Says: It is common sense actually | 08.21.2007 |
Portia Says: Number 7 stands out for me because not just with investing but in general if you don't understand your finances you will end up in big financial trouble | 08.21.2007 |
Vivian Says: It is very important to understand one's financial situation at all times | 08.21.2007 |
Tony Says: I've been investing for a year now and its not all that much fun actually but it does make you some money if you know what you're doing | 08.21.2007 |
Eli Says: It seems like not investing in stocks is just as bad as investing | 08.21.2007 |
Laura Says: I'm petrified of stock markets but that is ignorance so I'm learning | 08.21.2007 |
Karen Says: Surf the web and read books, read the papers and find out all you can because I believe you can't afford not to invest on the stock market | 08.21.2007 |
Amanda Says: I think point 11 applies to finance and money in general | 08.21.2007 |
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