Tips for a successful investment journey with Richard Whiteoak

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TIPS FOR A SUCCESSFUL INVESTMENT ANALYST ALLAN GRAY WITH RICHARD WHITEOAK INVESTMENT JOURNEY

Transcript of Tips for a successful investment journey with Richard Whiteoak

TIPS FOR A SUCCESSFUL

INVESTMENT ANALYST ALLAN GRAY

WITH RICHARD WHITEOAKINVESTMENT JOURNEY

UNDERSTAND YOUR ROLE

To protect yourself against inflation, you

need to grow your capital.

AS AN INVESTOR Cash and term

deposits aren’t enough to grow your wealth over the long-term.

You can grow your capital by investing

in shares over 5-10+ years.

DIVERSIFY

It’s risky to put all your eggs in one basket and invest in a single company.

YOUR INVESTMENTS

You should aim to spread your investments across a range of companies and a range of investment styles.

Look into professional money managers who can help you invest in mutual funds, which have a range of shares sitting within each fund.

BE

Emotion is your enemy on the stock market. You can easily make poor

investment decisions by acting on impulse.

PATIENT

Don’t sell out at the bottom. Hang in there and wait for the market to recover.

Most investors will lose some of their money on paper, at least 3-4 times over their

investment lifetime.