The key principles of successful long-term investing include diversification, patience, consistency, disciplined decision-making, and a focus on fundamentals rather than short-term market fluctuations.
Dollar-cost averaging is particularly useful in a long-term investment strategy. When you invest in something when its price is down, you get more units of the investment for your money, which can lower your average cost per unit. And the lower your cost to invest, the greater your potential return.
The key principles of successful long-term investing include diversification, patience, consistency, staying informed, and focusing on fundamentals rather than short-term market fluctuations.
Most successful investors start with low-risk diversified portfolios and gradually learn by doing. As investors gain greater knowledge over time, they become better suited to taking a more active stance in their portfolios.
