Ten Secrets of Smart Investing

1. Stick with simplicity; don't invest in things you don't understand.
2. Don't put all of your eggs in one basket--diversify.
3. Know what you need the money for, and when.
4. Avoid timing the market--trying to buy low and sell high.
5. Don't fall for the flavor of the month--investing isn't like fashion.
6. Don't buy investments solely to avoid taxes.
7. Research investments yourself and steer clear of so-called "hot tips."
8. Invest on a regular schedule.
9. Understand financial risk--how much you can afford to lose.
10. Keep some ready cash on hand for emergencies--don't invest your entire net worth.

Source: Simple Money Solutions