Develop a clear investment plan and stick to it from "summary" of What I Learned About Investing from Darwin by Pulak Prasad
One of the key principles of successful investing is to have a clear investment plan in place. This plan should outline your goals, risk tolerance, time horizon, and asset allocation strategy. By clearly defining these parameters, you can avoid making impulsive decisions based on short-term market fluctuations. Once you have developed your investment plan, it is essential to stick to it. This means resisting the urge to constantly tinker with your portfolio in response to market news or performance. Making frequent changes to your investment strategy can lead to higher trading costs and reduced returns in the long run. Sticking to your investment p...
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