The Investing Path

Learn the Do's and Don'ts of Investing. Take the Right Path.
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Have a Financial Plan

Know what you are investing for and what your goals are.  If you are investing for retirement know how much money you need to accumulate and how you are going to do it.  Have a plan that helps you make your investment decisions and tells you how much risk you can take at different stages in your life.  Put the plan on paper, or in Excel. If you can't come up with a plan yourself, seek advice from a financial planner.  When you reach your goals or something changes, update your plan.  If it looks like your investing plan isn't working, find out why and make more changes.
The Do's / The Right Path The Don'ts / The Wrong Path
Invest Early Don't Try to Time the Market
Invest Often Don't Trade
Understand the Compounding Effect of Money Don't Procrastinate
Find More Ways to Save Money Don't Give Up
Diversify Your Investments Don't Use Margin
Start With Simple Investments and Expand Don't Chase Hot Stocks or Sectors
Have a Financial Plan Don't Speculate
Manage Investment Expenses and Fees Don't Make Large Bets
Invest to Reduce Taxes Don't Use a Financial Planner
Invest Overseas Don't Be Too Conservative
Stick With It Don't Watch Too Closely
Learn to Do Your Own Research Don't Keep a Loser
Be Objective Don't Use Technical Analysis
Invest Don't Trade Don't Dip Into Your Savings / Investments
Sell if Fundamentals Change