- 1. If it sounds too good to be true, it’s definitely not true!
- 2. Anyone promising returns over 15% per year should be asked why they’re not counted among the greatest investors like Warren Buffett, Peter Lynch, or Ray Dalio.
- 3. To gain more, you often have to risk more, but sometimes your risk tolerance is zero (and you might not realize it).
- 4. Only invest in what you can explain to a 5-year-old or even a German Shepherd. In investing, complex thinking isn’t necessary.
- 5. Minimize costs – if you’re overpaying, someone else is cashing in.
- 6. When everyone agrees, everyone’s likely mistaken.
- 7. Investing is like snagging a pair of top-notch shoes – it’s a real deal when they’re on sale.
- 8. Those who can, do it – those who can’t just talk.
- 9. A great book is worth more than an expensive course.
- 10. Doing the right thing might make you feel foolish at times, but it eventually pays off.
- 11. Time is on your side: Use it as much as you can.
- 12. You’re not your neighbor or coworker; everyone charts their own path and outcomes.
- 13. Diversify – remember, you’re not Warren Buffett!
- 14. All extremes tend to balance out in the end.
- 15. Invest because you comprehend the business, not because you like the name or have a connection.
- 16. Evaluate results across years, not days.
- 17. Every invested dollar should have a purpose; never invest without understanding why.
- 18. Develop a clear strategy before committing your money.
- 19. Compounding is a marvel, but you have to leverage it for it to matter.
- 20. Speculation isn’t investing – it’s the price paid by those who rush in without thinking.
https://www.investing.com/analysis/20-golden-rules-of-investing-to-live-by-200640741
