03-14-2002, 04:16 PM
One of the important things to remember when investing is that you don't actually lose or gain any money until you sell out. The biggest mistake I see people making is that they panic when they see their stock prices drop, and they bail out at the worst possible time. You have to understand that sometimes the stock price does drop based on conditions outside of the companys control, but if you have picked a good solid stock, the company shouild be able to bounce back, and you will not lose anything in the long run.
Another important thing to remember when you're starting out investing is not to invest anything you can't afford to live without. You don't want to be forced to sell your stocks at a bad time because you need the money to pay your bills.
Another important thing to remember when you're starting out investing is not to invest anything you can't afford to live without. You don't want to be forced to sell your stocks at a bad time because you need the money to pay your bills.
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