Finance and Insurance

Tips & Tricks Here are some tips and tricks the Infiltrades Team would like to share with their visitors. These are points that we have learned over time and we will revise these regularly.

1. Do not act on emotions – The media, financial analysts and other commentators often like to exaggerate the current situation, both in good and bad times. Those comments may cause you to make bad decisions. Remember to do your own research and try to confirm or validate what others say. Having a clear investment plan should help with this.
2. Do not buy and sell too frequently – Share investing is a not just a quick and easy way to make money. Whether you are an active or passive investor, you must still be patient!
3. Deal with your mistakes – If you have holding on to shares at substantial unrealised losses, do not pretend they are not there and give up on them. Making mistakes are not necessarily the worst thing that can happen, ultimately, that is how people learn. However, ignoring your mistakes and allowing them to get worse would be costly. Identify your mistakes, learn from them, and establish a strategy to get yourself out of trouble.
4. Do thorough research – Diligent people make decisions based on information and facts. The more information you have, the better your decisions will be.
5. Only invest within your means – Be self-aware and work out how much you can afford to invest. Get your priorities right, be realistic with your skill level and understand how much you stand to lose. Investing beyond your means can ruin your life.

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