Ten Rules of Investing for the Beginner

Shortly before the Dot.com bubble burst in March 2000 I had been watching the stock market and paper trading, trying to perfect my skills. I foresaw the crash a week before it happened. Of course, when it actually happened, I thought I was a genius. So four months later, after things began to settle down, I entered for the first time into the actual roller coaster that is the stock market.

Over the course of the next two years, I learned I was nowhere close to being a genius. I managed to turn an initial $10,000 investment into about $2,500. I had to step back and reevaluate things, and quickly.

I learned that the successful investors all had their own set of rules that governed their decisions so I decided to make my own set of rules. I share them with you so you may learn from my mistakes.  See more...