"No man can become rich without himself enriching others"
Andrew Carnegie

Monday, July 9, 2012

The 10 Commandments Of Investing

English: 10 Commandments within St Mary Woolno...
English: 10 Commandments within St Mary Woolnoth, near to London, City of London, Great Britain. (Photo credit: Wikipedia)
The biblical Ten Commandments were intended to act as a driver's manual for the road of life. “Thou shalt not kill.” “Thou shalt not bear false witness.” These are life's versions of  the stop-at-the-red-light-and-advance-when-safe rules of the road. In other words, they are all guidelines to keep people out of trouble. Because life’s highways are full of potholes, blind turns and bad drivers, the investing world also suffers from scandals, scams and dishonest companies. Here are 10 commandments for the investing world designed to help keep investors – and their money – safe.
1. Thou Shalt Set Clear Goals
If you don’t have a purpose or a set of clear goals to guide your investment strategy, don’t invest. This sounds harsh, but there are so many types, styles and flavors of investing that, without a particular destination, you will be lost at sea. ... Continue to read.
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