The breathtaking, roller-coaster performance of the stock market that accompanied the bursting of the credit and housing bubbles was a stark reminder of a fundamental truth: investing involves risk. Still, investing continues to offer the best means to achieve our long-term financial goals. To be a successful investor means learning to manage risk, not avoid it completely. Among investors who suffered most from the market meltdown that began in 2007 are those who bailed out and missed the remarkable rally that saw stock prices rise by more than 50% within a few months in 2009. As you create an investment plan that suits you, know that you can accumulate substantial sums of money by applying the following five keys of successful investors. Note: these are keys, not secrets. Truth: there are no investment secrets. This book presents a strategic view of proven strategies employed by successful investors. Start by making investing a habit.
Chris Bryant is an American financial advisor.