Introduction
I like to get some ideas from the book called "Coffee house investor". Here is the article.
I always have time for Principles
The three principles of investing
- Save for a rainy day. (Develop a long-term financial plan- how much you will spend and how much will you save)
- Don’t put all your eggs in one basket. (Diversify in different asset classes-stocks and bonds.Bond percentage=age in years)
- There is no such thing as a free lunch (Capture the entire return of each basket, or asset class, through low-cost index funds( because higher expenses will decrease future returns). Reinvest your dividends. Invest for the long term- decades, not years. Start as early as you can, which is, now. ).
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