Module 10: Lesson 2: Plan for success

Remember, the journey doesn’t end here. Keep learning, keep practicing, and most of all, have fun! Thank you for sticking with it all the way until the end—we’re lucky to have you in the Invstr community. Now get out there and get investing! Remember to download the [Invstr app] (https://invstr.com) to complete the end of module quizzes and collect your graduation certificate.

You should always feel like you’re in charge of your investment portfolio. You choose what goes in, you choose what stays in, and you choose what comes out. Once you’ve made an investment, continue to manage it actively. If it doesn’t perform the way you expect, make a conscious decision to reduce it or get out altogether. Remember to download the [Invstr app] (https://invstr.com) to complete the end of module quizzes and collect your graduation certificate.

Successful investing is about making money. It’s not about being right. Choosing the right investment to make is important. Buying it at the right price is almost just as important. You can use charts to help you pick the right time and price to buy. Longer time-frames allow you to see the long-term trend. The trend is always your friend! Make investments in line with the trend. Remember to download the [Invstr app] (https://invstr.com) to complete the end of module quizzes and collect your graduation certificate.

The market is always right. Once you develop an outlook for what you expect to happen, test it out in the marketplace. You can do this in a fantasy portfolio or you can do it for real with a small amount of money. Practice with Invstr. Remember to download the [Invstr app] (https://invstr.com) to complete the end of module quizzes and collect your graduation certificate.

Develop a methodology for analyzing information. Use it consistently to strengthen your investing process. You might prefer to start “top-down” by looking at the bigger picture and using your worldly wisdom to analyze what’s happening. Or, you might prefer to start “bottom-up” and research individual stocks first. Remember to download the [Invstr app] (https://invstr.com) to complete the end of module quizzes and collect your graduation certificate.

Great athletes have great peripheral vision. They see what’s happening on the field of play better than others. It helps them anticipate moves and be one step ahead of their opponents. Listen to polish up your investing skills. Remember to download the [Invstr app] (https://invstr.com) to complete the end of module quizzes and collect your graduation certificate.

Do your homework before you invest! That means gathering as much information as you can before you risk your money. Take the time to develop your own sources of information and refer to them on a regular basis. Remember to download the [Invstr app] (https://invstr.com) to complete the end of module quizzes and collect your graduation certificate.

Investing is a marathon, not a sprint. The longer you can stay in the race, the more you’ll benefit from the compounding returns on your portfolio. You need all the stamina you can get! Remember to download the [Invstr app] (https://invstr.com) to complete the end of module quizzes and collect your graduation certificate.

It’s a lot easier to aim when we have a target to aim at. Having clearly defined objectives and goals helps us manage both our successes and failures. It also helps us cut losses and take profits when we’re straying too far from our targets ???? Remember to download the [Invstr app] (https://invstr.com) to complete the end of module quizzes and collect your graduation certificate.

There’s a big difference between playing and learning, and investing for real. That difference is you ???? Successful investing is as much about managing ourselves as it is about managing our money. When real money is involved and we have large profits or losses in our portfolio, it’s easy for our emotions to take over and for us to make bad decisions. Remember to download the [Invstr app] (https://invstr.com) to complete the end of module quizzes and collect your graduation certificate.