Sunday , 22 December 2024

Make Better Investment Decisions By Applying This Checklist First

Have you ever made a spur of the moment trading decision without fully thinking things through and later come to regret it? Do you feel like your investment decision-making process could use some help? Here’s an investing checklist you can use as a useful guide to develop a systematic, organized, and thorough approach to trading.

Its application will:

  • prevent you from making rash decisions based on emotion, impulse, or rumors,
  • help you learn how to make informed trades and also
  • make it easier for you to make decisions on when to buy, hold, sell, and reallocate into new investment opportunities.

Check them out HERE.

Disagree? Concur? Have your say on the subject via:

We’d like to know what you have to say.

Related Articles from the munKNEE Vault:

1. Reach Your Retirement Goals By Following These 10 Axioms of Effective Investing

As history all too clearly shows, investors always do the “opposite” of what they should when it comes to investing their own money. They “buy high” as the emotion of “greed” overtakes logic and “sell low” as “fear” impairs the decision making process. Here are 5 of the most insidious biases that will keep you from achieving your long term investment goals. Read More »

3. Avoid “Losing Your Ass” In the Next Stock Market Correction! Here’s How

At this mature stage of a cyclical bull market, it’s important to avoid allowing your hubris to go haywire – to believe you’re just so damn good that your next goal should be to “beat an index.” I offer 3 ways to let you keep yourself in check – to avoid losing your ass – as markets eventually revert to a mean. Read More »

4. 10 Characteristics of What it Takes to Become a Successful Trader

Numbers don’t lie. You’re either making money or you’re losing money. Sometimes you get lucky. Sometimes you make incredibly careless errors that could cost you dearly. There’s no better meritocratic environment. So, do you possess the characteristics of what it takes to become a successful trader? Here are 10. Read More »

5. Which of These 10 Behavioral Biases Adversely Affect How You Invest?

Cognitive biases plague us and make it difficult for us undertake adequate analysis and make good choices so knowing about them is imperative if we are going to deal with them. This article identifies 10 such biases and how they impede us making the right investment choices. Read More »

6. “A 10% Loss + a 10% Gain Doesn’t Put You Back to Even” & 29 Other Investment Mistakes & Misunderstandings

Here’s my list of the most common errors investors make and some related maxims. Read More »

7. Follow Bob Farrell’s 10 Rules of Investing – or Suffer the Consequences

Individuals are long-term investors only as long as the markets are rising. Despite endless warnings, repeated suggestions and outright recommendations – getting investors to sell, take profits and manage…[their] portfolio risks is nearly a lost cause as long as the markets are rising. Unfortunately, by the time the fear, desperation or panic stages are reached it is far too late to act and I will only be able to say that I warned you [- unless you take the time to read, and study the contents of this article]. Words: 1945; Charts: 10; Tables: 1

8. THE 10 Most Dangerous Investing Mistakes

Protect your money by steering clear of these 10 most dangerous investing mistakes. Words: 716

9. Recognize These 7 Emotions Before You Buy or Sell an Investment

Since there is such a wide range of emotions, it might be helpful for you to do a ‘gut-check’ before you actually buy or sell any type of security. Knowing how you “feel” about investing might turn out to be just as important as knowing what you “know.” Words: 737

10.  10 Timeless Investment Rules to Survive This Stormy Stock Market

Rules may be meant to be broken, but with investing ignoring the rules can break you – especially now. Investment rules are tailor-made for tough times, allowing you to stick to a plan just when you need it most. Indeed, a rulebook is important in any market climate, but it tends to get tossed when stocks are soaring. That’s why sage investors warn people not to confuse a bull market with brains. Here are 10 rules to survive this stormy stock market. Words: 769

11. Don’t Invest in the Stock Market Without Heeding These “Rules of Trading”

I’m not going to candy coat it for you: making serious money in the stock market is a ton of hard work. It takes patience, savvy, and a certain level of market smarts – and the cold, hard truth is that if you don’t have them, the big boys will drain your portfolio dry. Unfortunately, those are the three areas that most retail investors need to work on the most. Otherwise, they will simply end up in a cat-and-mouse game where they are the mice. Don’t fool yourself for one second into believing that your “due diligence” can be done by watching a show or two on CNBC. It just doesn’t work that way but if there is one voice from the markets that should grab your attention every time you hear it, it belongs to Dennis Gartman, founder and author of The Gartman Letter. He’s sort of a guru’s guru. [Here is] a glimpse into how he views and trades the markets. Words: 106

12. 12 Books that EVERY Financial Advisor – and Investor – Should Read

Bill Ackman, founder of Pershing Square Capital Management, believes the following books are essential financial reading. Enjoy the summer! Words: 235

13. Be Aware of These 4 Traps When Considering International Investing

Even seasoned U.S. investors can make basic (and wrong) assumptions and generalizations when it comes to investing internationally. Here are a few common traps that investors tend to fall into when they start looking outside their own country’s borders. Read More »

14. What Are Your Investment Default Settings? Don’t Forget These Crucial Ones

There is a crucial component of the investment process that gets surprisingly little attention: our investment default settings. We can use them when we aren’t sure what to do, when we’re deciding what to do, when our circumstances have changed but our plan hasn’t (yet), or when we’re just starting out. Here they are. Read More »