You don’t have to be a genius to achieve your investment goals. But if you’re a knowledgeable, disciplined, and confident yet humble investor, you’ll end up looking like one. Follow these 12 Principles and you're set for life with regards to your investments. Develop a financial plan: Identify your goals and design an investment program to reach them. Be conservative in your projections. Become a disciplined saver: Learn to live below your means. Make it a habit to put away money every month. If you aren’t naturally disposed toward saving money, find ways to trick yourself, such as automating your savings program. Start early and continue: Continue investing in both good and bad times. Focus on your Net-worth: How much of the net-worth is liquid? Return on net-worth is more important than return on investment. Control costs: Avoid instruments with a high expense ratio. Manage risk: Create a portfolio that will enable you to sleep peacefully at night. Be a buy-a...
Our amazing capacity to do good for people who trust us (and for their heirs), and our ability to integrate investments into a total financial plan, these are the essence of the wonderful profession we've chosen. And perhaps the most important thing is: you'll never have to worry anymore.