Buy Low, Sell High, Sounds simple right?

Unfounded tips come from investment professionals on television and social media who often tout a specific stock as though it's a must-buy, but really is nothing more than the flavor of the day. These stock tips often don't pan out and go straight down after you buy them. Remember, buying on media tips is often founded on nothing more than a speculative gamble.

This isn't to say that you should balk at every stock tip. If one really grabs your attention, the first thing to do is consider the source. The next thing is to do your own homework so that you know what you are buying and why." - investopedia.com

Everyone probably makes the mistake of believing in market tips from either friends, family, unverified sources, and sometimes even professionals. Your best bet is to do your own homework and make an informed decision before investing your money in the market.

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