It is usually said that experience is the best teacher and if you do not know, the best place to get stock market investing advice is from those you have been in the field before you. It should be noted that Mr. Warren Buffet a legendary investors from Berkshire Hathway, who said that “diversification is for the ignorant”, is one of the most successful investors of all times.

His advice on stock investing is that you should not diversify even though main Street experts have taught at all times that diversification is the key. His explanation was that if individuals invest their money in a mutual fund which is at the same time a diversified way of investing, they will be happy if they earn or make 10% in a year. For you to double your money at that rate, it will definitely take you seven years.

With diversification he maintained that your risk and earnings will be diluted. Great minds in the business will prefer to make 100% annually and for you to achieve this result there is no room for diversification. For example, one of the trading strategies is to invest only in one stock per week. Then for the following weeks, take all your funds and roll it over stock pick. While you remain in only one stock at all times, the benefit is that in a year you will double your money 52 times. This indicates that diversification reduces returns.

Most investors will like to diversify simply because they don’t take time to study their stocks but will want to be protected when they are wrong. Investing this way is actually terrible. If you are not 100% sure that your prediction in this business is actualizing, then do not suffer your self to invest in stocks. Also, you are advice to pass on the stock if you are skeptical about it. You can protect your self from losses without adhering to diversification.

Robert Kiyosaki’s bit of stock market investing advice is that “when it comes to investing, don’t be average”. Another way to say it is that think about the things that an average investor usually does and avoid it. According to him, he has achieved a great deal of success by simply employing some shot-term strategies that were in line with this investing advice.

With stock market investing advice, you may be certain while other investors are getting it wrong. This means you should pick up stocks that will rise when the market will rise and also go for a Contra ETF that has the tendency of rising when the market falls. Watch the opening on Monday and buy the ones investors will sell which opens below Friday’s close.

A common belief in stock investing is that once every one is interested to buy a stock that appears on the cover of a magazine, that is the time the stock will crash. But the advice you ought to take is that you better be selling when they are buying.