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Lesson 1: Buy low, sell high When equity markets are on the rise, it seems everyone wants to invest. Thats known as buying high. But when markets decline, we have a tendency to want to sell before things get worse. Thats known as selling low. One of the worst things you can do is panic and sell your stocks. Historically, the market has always corrected itself over time. As Buffett says, We simply attempt to be fearful when others are greedy and to be greedy only when others are fearful. In other words, buy low and sell high. If you follow Buffetts advice, you may be able to grow your investments over the long-term. Lesson 2: Invest for the long-term This lesson is a useful reminder that investing can help you achieve your long-term financial goals. Some days (or weeks or months), you might earn a negative return on your investments, and that shouldnt be a concern. The stock and bond markets do not rise in a straight line. There will always be times when markets move up and down, but the historical trend is for market gains over the long-term. Hence, Buffetts assertion that our favorite holding period is forever. As long as you remain a disciplined investor, your long-term gains are likely to exceed any short-term losses. Stick with your investments and give them enough time to work for you. Lesson 3: Get advice While its true that Buffett is a self-made billionaire, most of us could use some help when it comes to investing. Being a do-it-yourself investor can be overwhelming. There are many decisions to make, like what to invest in, how to diversify your portfolio and when to buy or sell individual investments. Not everyone has the time or expertise to manage their own portfolio, so it can be risky to try. As Buffett says, risk comes from not knowing what youre doing.