Whether you’re a beginner and an experienced investor, we can all benefit from learning more about the best practices of investing and at the same time avoiding the common pitfalls.

The following investing dos and don'ts can help you build a solid foundation for successful investing and work towards achieving your financial goals:

Investing dos

• Do research: Before investing in any stocks, bonds, mutual funds, exchange traded funds or any other forms of investment, take the time to learn about different investment options, their strengths, weaknesses and risks. If you are investing in individual stocks, research the companies and their performance. Understanding what you're investing in is crucial for making informed decisions.
• Do diversify your portfolio: Don't put all your eggs in one basket. Instead, spread your investments across different asset classes (stocks, bonds, real estate, etc.), industries, and geographic regions. Diversification allows you to reduce the risk exposure from any single asset.
• Do invest in what you understand: Avoid investing in complex financial products or strategies that you don't fully comprehend. Stick to investments that align with your knowledge and expertise.
• Do start investing early and think long-term: When it comes to building wealth, holding your investment long-term is key. Therefore, it makes sense to start investing early, when you have lesser financial commitments and can afford to take risks. Starting early also means you can get better compounding benefits from reinvesting.
• Do review your portfolio regularly:Monitor your investments periodically and rebalance your portfolio if necessary to ensure they're aligned with your goals and risk tolerance.

Investing don’ts

• Don't let emotions rule: Fear and greed lead to impulsive investment decisions. Don’t let emotions cloud your judgment and instead focus on your long-term financial goals.
• Don't try to time the market: It's never a good idea to time the market because it is nearly impossible to predict short-term market movements. Remember the adage: Time in the market beats timing the market.
• Don't chase hot tips or trends: Investing based on rumors, tips from friends or the latest market trends can be risky. Make investment decisions based on fundamentals rather than speculation.