It sounds obvious, but becoming an expert investor of any sort requires one non-negotiable prerequisite: capital. And not just a little bit of capital, but enough to hypothetically lose what you invest without it materially affecting your life.
Before investing in the stock market, most experts suggest you have cash reserves equivalent to about six months of living expenses. No one can hope to master the art of buy-and-hold investing if they need to liquidate their portfolio a year later to pay their electric bill.
Source: MSN Money
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