A list of one sentence financial advice, via USA Today and the Motley Fool. Here are the top 11, the rest of the 60+ are at the link.
1. Dollar-cost average for your entire life and you'll beat almost everyone who doesn't.
2. Only invest in products and companies you can explain to a six-year old.
3. Every five to seven years, people forget that recessions occur every five to seven years.
4. You're twice as biased as you think you are (four times if you disagree with that statement).
5. Read more books and fewer articles.
6. Read more history and fewer forecasts.
7. It's strange that you go to the doctor once a year, but check your investments once a day.
8. Be careful when reading about how stupid investors can be and not realize you're reading about yourself.
9. Your circle of competence is probably 90% smaller than you think it is.
10. You're only diversified when some of your investments perform worse than others.
11. Big risks will always be disregarded; small risks always blown out of proportion.
1. Dollar-cost average for your entire life and you'll beat almost everyone who doesn't.
2. Only invest in products and companies you can explain to a six-year old.
3. Every five to seven years, people forget that recessions occur every five to seven years.
4. You're twice as biased as you think you are (four times if you disagree with that statement).
5. Read more books and fewer articles.
6. Read more history and fewer forecasts.
7. It's strange that you go to the doctor once a year, but check your investments once a day.
8. Be careful when reading about how stupid investors can be and not realize you're reading about yourself.
9. Your circle of competence is probably 90% smaller than you think it is.
10. You're only diversified when some of your investments perform worse than others.
11. Big risks will always be disregarded; small risks always blown out of proportion.
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