T ake a global view
H ope for the best, expect the worst. Learn market history to help avoid panicking in bad times.
I Investigate, then invest.
N ever say always. No matter how sure you are of an investment, don't invest more than 10%.
K now what you don't know. Find out if people pushing it are putting their money in it.
T he past is not a prologue. Don't buy an investment just because it has been going up.
W eigh what they say. Ask a forecaster for a complete history of all their predictions.
I f it sounds too good to be true it probably is.
C osts matter. if you aren't careful expenses and taxes can easily eat up 1/2 of your return.
E ggs go splat. Don't put all your eggs in one basket.
Sounds very simple. But if the people who invested with Bernie Madoff followed this advice, many would be BILLIONS richer today.
No comments:
Post a Comment