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5 Smart Investment Tips to Help You Make Better Decisions With Your Money

There is so much information on the internet these days about investment for beginners and experts that it can be difficult to sort through it all.

No matter what kind of markets and industries you are interested in, or your level of expertise, here are some smart investment tips that anyone can follow:

1. Invest only in things you understand. Wherever your broker (if you have one) tells your broker, you should put your money there without first learning. For example, we all know that technology is the future, but that does not mean that everything related to technology will invest well.

2. Do not assume that investing in multiple mutual funds will automatically "diversify" your portfolio. To always see what lies beneath the surface of each fund. It is not uncommon for a lot of mutual funds to actually own too many of the same stock.

3. If you want to keep your money in the bank to earn interest, whether it is through CD, money market account or savings account, then go with an online bank that has lots of positive thoughts. Online banks are better at giving higher yields than traditional banks.

More Smart Investment Tips

4. One of the most important "smart investment tips" is to allow your emotions to get in the way. There is no place for sentiment in the stock industry. How wonderful you feel about a particular occasion, it may not really be the best. Always take a little time to research first. It is the same when it comes to selling stocks. Do not think that just because you are having a good day that it would be a good time to sell. Always be calm - never let yourself feel nervous. Try to be as objective as possible while looking at the big picture.

5. Everyone has a "risk tolerance level" and it is important that you get your knowledge as soon as possible, if you have not already done so. Even if all the indicators are pointing towards you being heavy, do not invest any more money than you might lose. What if the unexpected happens and you lose money anyway? Will you be able to handle the loss?

You can get many, many more smart investment tips from some of the best experts at Motley Fool. It is the best place to learn about all aspects of investing. Despite your level of knowledge and experience, Motley Fool provides you with everything you need to do research.