1. Start early, keep a good head on your shoulders and don't be...

1. Start early, keep a good head on your shoulders and don't be discouraged. Do not leverage or be on margin. Understand compound accretion. This is where most of your wealth is going to come from. The hardest in investing is turning $1k to $10k. 10k to 100k is is a lot less hard. If you've done the previous two milestones then turning 100k to $1m is easy... if you start with $100k - $1m I can categorially say you are going to lose a fair chunk of it before you get your grove.
2. Sort out your circle of competence:
- Find your niche. Trader, Investor/Dividend. I'm 75% investor 25% trader
- Pick 2-4 sectors and know them like the back of your hand with a passion. Build an investment world in your head like most people who follow sports does... cricket, footy etc. Knowing Ricky Ponting's batting average in 1999 is similar to knowing what CBA's, MQG, BHP, FMGs PE is 1999. In the ASX I like financials, mining and staples. Outside the ASX I like Tech.
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3. Most of all. Take care of your health, be mindful of how you feel everyday and find a way to centre yourself when everyone is running around like a headless chook.

Good luck and I envy you. You've started at a point in the market where pretty much everything is cheap relative to fair valuations.