If you’re just starting out in the investing world (or if you could use a refresher), it’s important to take some time to know what you’re getting into and make a plan.

Need a good place to start? Here are 5 rules for investing:

  1. Be patient. Don’t buy all at once. Have a plan and slowly build up your investment portfolio. Work to get the best price over time in order to maximize your profits.
  2. Do your research. Always know what you’re getting into before you buy. Research all aspects of the company before investing and make sure you know what to expect.
  3. Don’t panic. As best you can, leave your emotions out of it and work on letting the facts guide you instead. Further, never look back on the “should haves” of investing — learn and move on.
  4. Be flexible. Business is always changing and growing. Always expect the unexpected and be ready to change your plan if needed.
  5. Think long-term. Warren Buffett once said, “if you aren’t willing to own a stock for ten years, don’t even think about owning it for ten minutes.”

If you need a little extra help when it comes to investing, call us. We’re here to help.