Ten Tips For The Successful Long-Term Investor

While it may be true that in the stock market there is no rule without an exception, there are some principles which are tough to dispute. We'll review 10 general principles to help investors get a better grasp of how to approach the market from a long-term view. Keep in mind that these guidelines are quite general, each with different applications depending on the circumstance. But every point embodies some fundamental concept every investor should know.

1) Sell the losers and let the winners ride!
2) Don't chase the "hot tip"
3) Don't sweat the small stuff
4) Do not overemphasize the P/E ratio
5) Resist the lure of penny stocks
6) Pick a strategy and stick with it
7) Focus on the future
8) Investors adopt a long-term perspective
9) Be open-minded when selecting companies
10) Taxes are important, but not that important

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