1. Understand Your Goals: Define what you aim to achieve with your investment—wealth growth, passive income, or long-term security. 2. Know Your Risk Tolerance: Assess how much risk you can handle without compromising your peace of mind or financial stability. 3. Educate Yourself: Learn the basics of the investment type you're considering, whether it's stocks, real estate, or crypto. 4. Start Small: Begin with manageable amounts to minimize losses while gaining experience. 5. Diversify: Avoid putting all your money into one asset or sector to reduce overall risk. 6. Evaluate Liquidity: Know how easily you can access your funds if needed in emergencies. 7. Be Patient: Wealth creation takes time, and chasing quick gains often leads to poor decisions. 8. Beware of Fees and Taxes: Understand costs like management fees, transaction charges, and tax implications. 9. Avoid Emotional Decisions: Fear and greed can derail your investment strategy; stick to your plan. 10. Seek Expert Advice: Consult professionals or mentors to ensure informed and strategic investment decisions. #TradeSmartPH