My 12 rules of investing

Investing over the last few years has been a mixed bag of results. I made all the classic mistakes that you can think of, buying high, selling low, being emotional about my decisions just to name a few. Only after reading about financial independence I discovered the topic passive income and adjusted my investment plan accordingly. Passive income requires some initial time and money investment and should after that run on its own. Selling your own t-shirts on redbubble for example requires an initial investment (time), the sales afterwards are passive income (assuming someone is buying your t-shirts). The most prominent representative in that field is the dividend strategy. The idea is to invest primarily in shares or funds that pay dividends on a regular basis. The amount of information about how to invest is endless and it is easy to get lost in the sea of information. Therefore, it…