While the stock market is riddled with uncertainty, certain tried-and-true concepts can help boost your chances for long-term success.

Investors should first identify their financial goals. For instance, saving for retirement, purchasing a home, or funding the education of your children. This will help them decide on how much money they should invest and what kind of investments best suit their specific situation.

Making a priority of building an emergency fund or paying off high-interest loans prior to investing heavily in the market is smart. If you do have funds to put into the market, you should start with small and gradually increase your investments as you gain experience.

Keady clarifies that one the most common mistakes made by beginners is to try to time the market. Keady says that nobody knows what the ideal time to invest.

When you’re first starting out investing, you should be focusing on stocks of companies you know. Peter Lynch, the legendary Fidelity Magellan Fund manager, once stated that you have a greater chance of success when you invest in companies with a proven performance and growth prospects.

Avoid online forums and advertisements that promote stocks that have a high chance of success. These are often www.marketanytime.com/sell-security-papers-via-market part of a pump and dump scheme where unscrupulous individuals purchase buckets of shares of a thinly-traded company to push prices up, and then dump their shares for their own profit.