There is so much information on the Internet these days about investing, for both beginners and experts, that it can be difficult to review it.

No matter what type of markets and industries interest you, or your level of experience, here are some smart investment tips anyone can follow:

1. Only invest in things you understand. Don’t put your money where your broker (if they have one) tells you, without first knowing WHY you should put your money there. For example, we all know that technology is the future, but that does not mean that everything related to technology will be a good investment.

2. Don’t just assume that investing in multiple mutual funds will automatically “diversify” your portfolio. Always look below the surface of each bottom to see what is there. It is not uncommon for many mutual funds to own many of the same stocks.

3. If you want to put your money in a bank to earn interest, whether through CDs, money market accounts, or savings account, go with an online bank that has many positive reviews. Online banks can offer higher returns than traditional banks.

More smart investment tips

4. One of the most important “smart investment tips” is NEVER let your emotions get in your way. The stock industry has no room for emotions. No matter how wonderful you feel about a particular opportunity, it may not be the best. Always take a little time to do your research first. The same is true when it comes to selling stocks. Don’t think that just because you are having a good day that it will be a good time to sell. Always stay calm, never panic. Try to be as objective as possible when looking at the big picture.

5. Everyone has a “risk tolerance level” and it is important that you know yours as soon as possible, if you have not already done so. Even if all the indicators are pointing to you getting a great deal, don’t invest more money than you can afford to lose. What if the unexpected happens and you end up losing money anyway? Can you handle the loss?

You can get many, many more smart investment tips from some of the best Motley Fool experts. It is the best place to learn about all aspects of investing. Regardless of your level of knowledge and experience, Motley Fool offers everything you need to conduct research.

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