Investoplan

Today, I'm here to discuss a few tips to help protect yourself from some common stock market mistakes. Avoiding these mistakes is essential if you want to experience success as an investor. So, let’s jump right in. One of the biggest mistakes that many investors make is to put too much at stake too soon. This can result in disastrous consequences and a significant loss of capital. So, first and foremost, set yourself a limit. Decide the maximum amount you are willing to risk and stick to it. This allows you to make informed decisions and minimise your losses where necessary. It’s also crucial to resist the temptation of short-term gains. Many investors see stocks suddenly increase in value and rush in, but this is a true gamble and is not sound investing practice. Making decisions by instinct should also be avoided, since history shows that reactive decisions often results in disappointment. So, take your time and research the company before investing any of your hard-earned money....

Welcome to my blog investoplan!  In this post, I will be discussing how to improve your credit score quickly. Now, it is important to understand what makes up your credit score.  Your credit score is determined by evaluating your borrowing, payment and credit histories. Companies such as Experian and Equifax collect your payment information from lenders and update your credit score periodically. Your credit score is made up of five components: payment history, credit utilization, new credit inquiries, account mix, and credit age.  First, let's start with payment history. This is the most important component that makes up your credit score so you want to make sure you pay your bills on time. Late payments can significantly lower your credit score and leave a negative mark on your credit report.  Second, credit utilization is the ratio of debt used to available credit. The lower your credit utilization is, the better impact this component can have on your credit score....