Ten Secrets of Smart Investing

1. Stick with simplicity; don’t invest in things you don’t understand.
2. Don’t put all of your eggs in one basket–diversify.
3. Know what you need the money for, and when.
4. Avoid timing the market–trying to buy low and sell high.
5. Don’t fall for the flavor of the month–investing isn’t like fashion.
6. Don’t buy investments solely to avoid taxes.
7. Research investments yourself and steer clear of so-called “hot tips.”
8. Invest on a regular schedule.
9. Understand financial risk–how much you can afford to lose.
10. Keep some ready cash on hand for emergencies–don’t invest your entire net worth.

Source: Simple Money Solutions