Sell poorly-performing investments, continue to monitor them

INVESTING is a journey that lasts for years or even decades. As such, notching up a respectable investment performance takes more than just a couple of good decisions.

In this journey, you will make numerous choices that will impact your returns and help you to grow your wealth. Through it all, a conscious commitment must be made to focus on how you can improve your investment process over time.

After all, novice investors often do not have the experience to sift through numerous companies to find the truly great ones. Neither have they encountered the pitfalls that veteran investors have suffered, causing them to lose a chunk of their hard-earned capital.