alanhaft.com — On a plane back from New York, someone sitting next to me noticed I was writing my next blog, and asked me what my ?10 Commandments of Investing? would be. A quick conversation led me to rapidly type my thoughts. So, consider this my extremely abbreviated summary of the things you should never forget when investing and planning your future.
Oct 1, 2007 View in Crawl 4
senatorkevinOct 2, 2007
I don't understand how anyone could agree with *all* of these. Investing in index funds is horrible if you're young because you can withstand bigger ups and downs as you're not close to retirement. I could go on...
Closed AccountOct 2, 2007
BULLs**t.Commandment number one: Investment advisors are in the market for the commission not for your financial interests. The Italians in the old country have a saying:PIZZA SHOPS DO NOT DO BANKING AND BANKS DO NOT MAKE PIZZAS.In plain English; anyone who takes financial advice from blogs, newspaper articles, strangers bearing gifts, etc, etc, deserve to be fleeced. People who make serious money from investments, have experience and expertise in the investment field.For the working class buying a home and paying it off as fast as possible is your best investment. Pay your home off in 10 years will give you 20 years of saved interest payments which equates to spending money to enjoy life. If you are paying off a mortgage and investing in shares, then you are flushing your hard earned money down the toilet.
rmstrjimOct 2, 2007
Risk is a personal choice, discounting the sound advice just because he doesn't jive with your views on risk is pretty silly.
jlhobenOct 4, 2007
#1 don't invest, pay off debt.
goldmasterOct 5, 2007
truth b told there are no hard and fast rules?commandments? in the stock exchange market or in any form of investment ,only guidelines and principles.You summed them up well