We've seen the Philippine Stocks Index go up and down for the past several months. Being successful in your Stocks Investment not only require identifying where you can get the highest possible returns, but also protecting yourself in incurring huge losses.
Here are 5 tips to help you avoid making serious losses in your stocks investment:
1. Don't buy stocks you do not know. Are you the type of person who asks people in forums and social media on which stocks you should buy? Please stop it. They don't know your investment goals. Chances are they don't really care if you lose money. And you don't even know them to trust their investment advice. Buy stocks that you are comfortable holding on to. You owe it to yourself to sleep better at night.
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