The linked article takes a look at what Shane Oliver, Head of Investment Strategy and Chief Economist at AMP Capital, sees as the nine keys to being a successful investor, and what impact the coronavirus shock has had on them.
Even in good times, successful investing can be stressful. For this reason, it’s useful for investors to keep a key set of things - call them rules - in mind.
The key rules are:
make the most of compound interest;
don’t get thrown off by the cycle;
invest for the long term;
diversify;
turn down the noise;
buy low and sell high;
beware of the crowd;
focus on investments offering a sustainable cash flow; and
seek advice.
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