Control your Investments
Develop your investment ability so that you are in full control of your investment decisions. Learn how to read performance reports so that you can plan changes to your portfolio in advance. Be nimble in times of erratic market activity. Industry expertise and a network of trusted contacts can give you significant advantages especially, when investing in industries where your knowledge base is stronger than a wall street pro. If you have an Investment Manager, ensure they have only your best interests in mind.
Diversification for risk management
Diversification of investments across various financial instruments, industries and time periods aims to reduce risk. Although a well-diversified portfolio does not guarantee against losses, it is the most important component of reaching long-term financial goals whilst managing the risk of losses.