The stock market had a less than stellar start in the first few weeks of 2016, but we still have a full year ahead of us to get our personal investments soaring into the black. This year, armed with a bucket full of mistakes from 2015, we’ll make sure not to make the same slip twice. Whether you’re entering the market for the first time, or looking to right some wrongs from the previous year, here are 17 investment tips to help you make bank in 2016.
Disclaimer: Year-end percentages are based on 1-year numbers compiled on January 13, 2016.
Late to the Netflix Party
Netflix (NFLX) is a total industry leader when it comes to online content, but it’s finally getting some formidable competition from companies like Amazon and HBO. Prices for shares were insanely high until summer time, which is why the company decided to split shares at a seven-to-one ratio (something that only Apple has done in the last 15 years). By then we thought it was too late because prices were already soaring, but we were wrong.
Past Year Performance: +140.96%
Regret: Assuming the time had passed to get into the Netflix game. We were wrong because prices continued to rocket throughout the rest of 2015.
Lesson Learned: Netflix still has plenty of room to expand, which means continued growth in the future. Competition is getting fierce, but Netflix continues to lead the pack.