1. Against conventional wisdom that tells us to be 100% invested, we should instead have spare cash for investment when there's an opportunity as well as selling our shares when the time is right - staying invested may not be the right thing to do.
2. During a downturn, all stocks will go down.. some to below their intrinsic value. That's when opportunity aplenty.
3. Create an Opportunity Fund or Investment Fund. Set aside 10 - 30% of your total finance for this.
4. Diversify. Never put all your eggs in one basket.
5. Learn risk management. Know your risk appetite. Spread out between high and low risk investment.
6. Be patient. Investment is not staring at the computer screen watching the stock value goes up and down. It's for mid and longer term..
7. Imagine if you are 100% invested now you wont have any spare cash to invest anymore..
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