Buying This Stock Could Be the Smartest Thing You Ever Do
Take a seat, my friend. The coffee's on the house. A thrilling headline brought you here, but I'm not here to sell you the latest, greatest tulip-bulb craze.
Betting the proverbial farm on a red-hot market darling would not be the smartest thing you ever do. Sure, you might get lucky and hit the Wall Street jackpot -- but cases like that are the exception, not the rule. Oftentimes, those who chase after heavily hyped stocks are eventually left holding an empty bag of promises without much substance. That's not how successful investors build their wealth.
I do have some solid advice for you, though. The smartest thing you can do in the stock market is to make your first investment as early as you can. There are nuances to this idea, of course. You also want to select a relatively large number of high-quality stocks, hold them for many years, add more cash to your portfolio over time, and focus on long-term results. That first investment doesn't have to be a big bet, as long as you can add more money to your portfolio steadily over time.
Source Fool.com
