Shaw capital management question. What should you do to succeed in long-term investments?

Diversify. Spread your risks by investing in a number of stocks in different markets and in mutual funds, bonds and other instruments. A good rule is that no one stock or other investment should be more than 10% of your total portfolio.

Do your research. Take advice from various sources. Invest in some companies whose products and strategies you like

Monitor your investments and compare their performances against the market index. If some of your holdings do well then the temptation is to cash in and take a profit. It seems natural but if you are in this game for the long term then you want investments that grow over the long term so when you find winners cherish and retain them.

A surprisingly large part of the overall growth in most portfoliOS comes from reinvested dividends rather than in appreciation of the stock prices. A yield of 3% may appear small but over a period it makes a big difference.