Keep Your Long-Term Goals In Mind

Keep your investment goals in mind at all times (i.e. retirement, financial freedom, creating wealth), while always abiding by your own unique risk tolerance limits. In simpler terms: stay true to your investment plan! Of course, this requires actually having a plan, which should be based on a combination of your self-education, your financial resources, the advice offered by an investment counselor, and your specific wealth goals. Some investors are conservative, while others are more aggressive. Some want cash flow, some want capital appreciation, and some are most concerned with tax benefits. Always keep your unique situation in mind to remain a prudent investor.