1. Don’t time the market. Even a broken clock is right twice a day.
2. Don’t invest based on tips from someone.
3. Don’t be oblivious of what you own. Knowing what you are buying is crucial
4. Don’t invest before you save. Speculating with the money you need to pay down a loan or use for college
5. Don’t following your investments – Do your due diligence when buying an investment that includes following earnings.
6. Don’t marry your investment. Emotional attachment with your investment is bad. The market does not care at what price you bought/sold.
7. Don’t throw good money after bad. Adding to losing positions is not going to work
8. Don’t bet it all. Putting all your money on that one idea that you think will work
9. Don’t do it alone if you can’t – If you can’t do due diligence then get help by hiring an expert
10. Don’t load your basket with the same stuff. Diversify your options so that your portfolio is balanced
