Tips for a successful investment journey with Richard Whiteoak
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Transcript of Tips for a successful investment journey with Richard Whiteoak
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.
WATCH MORE ABOUTRICHARD WHITEOAK
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https://www.theinvestmentseries.com.au/expert/richard-whiteoak/