Tip 5: Don't let losses make you nervous
Of course, you go into the stock race with the expectation of achieving the best possible return. But the stock market is always in motion and your portfolio can also show losses at a certain point in time.
Price fluctuations are quite normal and happen again and again. This is not bad luck, but on the contrary a sign that the securities markets work and supply and demand change. Prepare yourself for the fact that corrections may occur and do not fall into panic and actionism. React with a cool head.
In the case of stocks, you can set yourself a "stop-loss" limit to be on the safe side, i.e. a value above which you definitely want to dump your investment. On the other hand, price corrections can also be just the right time to buy at a favorable price.
Tip 6: Remain skeptical about stock tips
You hear or read a surefire tip from a supposed stock market guru? With which more than 10 or 20 or more per cent yield is safe? Then we also have a tip for you: Be careful!
There are a lot of so-called experts in the field of financial investments who make promises to you. But you should always ask yourself what interest the person has in telling you this information.
It is therefore better to approach all too tempting tips and advice with a healthy skepticism.
Tip 7: Don't speculate, invest
Buy, sell, buy, sell: that's how some people imagine investing in securities. Normally, this does not have much to do with reality. The fact that you buy a share and then immediately sell it again after days or weeks is hopefully the exception.
Because if you trade a lot and quickly, you produce one thing first and foremost: costs. When buying and selling, fees are incurred that must first be recouped by the performance of the stock or a fund.
If you invest in a structured and broad way, you don't have to keep going in and out of shares.