ANYONE trying to make their resources grow should know the classic lessons in investment. By learning how to invest early, one takes advantage of the power of compounding sooner than later. Be aware of the costs in investing, including transaction costs and all fees, both front-end and exit, related to utilizing mutual funds, UITFs, or any investment channel. Diversify by putting your eggs in baskets that are preferably unrelated or technically not perfectly correlated.
Stick to an investment strategy even when the markets seem to be moving unpredictably. Buy businesses, not stocks. Don't be alarmed by the day-to-day gyration of prices. And if it's too good to be true, it probably is. Make sure you achieve returns based on appropriate adjustments made for risks. Always aim to at least beat the inflation rate. Avoid chasing fads and fashions in a rising market.
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