Warning From The Past And The Wall Street Crash Essay

Warning From The Past And The Wall Street Crash Essay

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Warnings From The Past

There are plenty of examples of people taking massive losses in the past due to things such as the wall street crash, the dot.com bubble bursting, wars, 911, the global economic downturn and so forth. Here are a few things you should do and things you should know if you do not want to make the same mistakes so many other people have made in the past.

+ Shares are not a replacement for your savings accounts. You should always have money in your current/checking accounts and in your savings accounts.

+If the economy is doing well, then remember there is going to be a trough at some point. Buying your shares during a boom is not always a good idea. It is better to buy them during a trough rather than when they are flying high.

+ Do not allow all of your investments to be shares investments. You may be experiencing larger returns and better growth with all of your money in shares, but you are very exposed with only shares as your investment, which means a crash could wipe out your fortune.

+ Keep your debt and your expenses to a minimum. Many people lose out not because of their shares investing, but because they have to keep selling and dissolving their investments prematurely because they need the money.

+ If your shares have grown very well, then place stop-loss orders, which mean your shares will sell automatically if they fall below a certain price. You should only do this for stocks and shares that have already risen above the cost of your initial investment amount.

+ If you are told an economy is going to keep growing, or an industry is going to keep expanding, then be very wary and find other sources of information before spending any money.

How Much Attention Should I Pay The 52-Wee...


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...hares and you get used to the idea and how it works, you may start investing larger amounts into bigger companies. You may start saving small amounts from your wages, putting your money into a savings account, building a larger sum of money, and then investing that in some more high-priced shares. Once you get the hang of it all, you may start diversifying your investments and building wealth conservatively but consistently.

You may use investing in the stocks and shares market for anything from saving for a car and funding your own pension, to self-insurance and wealth building. With the right attitude, a bit of luck, and a consistent investment strategy, you too may join the legions of people who have built wealth by investing in shares. You may also gain a little more control over your financial future and your ability to increase your wealth by your own hand.

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