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Some Quick Investing Lessons To Be A Better Investor

If you are investing for the long-term, which should just be called investing with the opposite referred to as gambling, betting, or at best, speculating, then here are some things to consider before making an investment:

1. Invest in companies or in other investments that you understand. Don't just be attracted to high rates and yields or forecasts of above average appreciation. If you can understand it, then you will have a greater appreciation for it and understand why it fails, succeeds, or stagnates. If you're a doctor, nurse, or other medical professional - wouldn't looking at hospitals, pharmaceutical companies, or surgical device manufacturers be more up your alley? You probably have a better perspective than those on Wall Street of the best hospitals, drugs, and medical instruments. The same holds for people in other industries and professions. Stay within your circle of competence... READ MORE