Stay informed about investments from "summary" of The Dumb Things Smart People Do with Their Money by Jill Schlesinger
To be a successful investor, you must stay informed about your investments. This means keeping up with the latest news and trends that could impact your portfolio. Ignoring this crucial aspect of investing is a big mistake that many people make. They assume that once they have chosen their investments, they can sit back and relax. But the reality is that the financial markets are constantly changing, and what was a good investment yesterday may not be a good investment tomorrow. Staying informed about your investments also means understanding the risks involved. Every investment comes with a certain level of risk, and it's important to know what those risks are so you can make informed decisions. You need to be aware of factors such as market volatility, economic conditions, and company performance that could affect the value of your investments. By staying informed, you can better assess th...
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