Lobo Advisor- Top Ten Investment Rules
- Avoid the BIG mistake. One Enron can take many years to overcome. There are a surprising number of investments which lose substantial value.
- Do not be influenced by media. TV ratings do not translate into investment performance.
- Recognize disruptive technology for both investment opportunity and for threat. Example: Solar Energy.
- Take the time to understand Risk (very few do).
- Diversification is one of investing's only free lunches.
- Dividends are no substitute for bond interest.
- Review your financial plan at least annually and your estate plan at least every five years.
- Basic investing never changes. Technology has made it easier for so many of us.... in many cases, easier to lose money.
- An investor's greatest enemy is EGO. Keeping a handle on greed and fear will go a long way toward achieving your goals.
- An investor's greatest ally is DISCIPLINE. Sticking to a discipline is more valuable than knowledge for successful investing.