How many millionaires do you know who have become wealthy by investing
in savings accounts? I rest my case". - Robert G. Allen
Goal-setting is a vital step toward reaching financial success, especially when it comes to investing. Setting specific, achievable goals can help you to narrow your focus, create a plan, and stay motivated along the way.
Here are three simple rules to help you when investing in the stock market:
Compound - the returns from successful investing tends to resemble an upward curve over time rather than a straight line.
Diversify - this aims to maximize return by investing in various sectors that ought to respond to changes in market conditions differently.
Don't stress! - investors who use a behavior-modified approach to investing that removed emotion saw returns up to 23% higher over 10 year.