AtlasShrugged
Recycles dryer sheets
- Joined
- Sep 10, 2015
- Messages
- 105
An old friend of mine recently asked me to help her with her investments. I thought the best place to start was with a simple set of principles. Inasmuch as she is a devout Catholic, I prepared “The Ten Commandments of Investing” for her. While I’m serious about the underlying principles, I wanted to deliver them to her in a fun and memorable way.
I’ve noticed that many people on this forum have a good sense of humor. In the name of fun, I’d like to ask you guys for your thoughts as to how you would improve my commandments … particularly their level of humor.
Thanks, and here they are:
The Ten Commandments of Investing
1. Thou shalt thinketh for thyself.
2. Thou shalt educate thyself and make thine own investment plan. If not, be prepared to spend a lot of money on lousy advice from high-priced investment helpers.
3. Thou shalt simplify, diversify, and keep thine investment costs low or thou shall dwell in the house of the poor.
4. Thou shalt only invest in investments thou understandeth.
5. Thou shalt determine thine risk tolerance based on thine ability, willingness, and need to take risk. Thou shall invest in a manner that allows thee to sleep well at night.
6. Thou shalt not kill thine portfolio through excessive trading. Thou shalt buy and hold and limit trading to: a) new investments, b) rebalancing, and c) the occasional correction of thine boneheaded investment decisions.
7. Thou shalt try really really hard not to time the market. The only exception is if common sense tells thee that: a) the stock market appears outrageously overvalued or undervalued; or b) bond yields appear wildly attractive or unattractive.
8. Thou shalt not covet thine neighbor’s investment plan because thine neighbor: a) may not knoweth what he is doing; or b) may have a different financial situation and risk tolerance than thee.
9. Thou shalt have no false investment gods before thee. Thou shalt not pay attention to “financial experts,” economists, and the financial media.
10. Thou shalt always question thine most strongly held investment beliefs and keep thine mind open to learning new investment principles and concepts.
I’ve noticed that many people on this forum have a good sense of humor. In the name of fun, I’d like to ask you guys for your thoughts as to how you would improve my commandments … particularly their level of humor.
Thanks, and here they are:
The Ten Commandments of Investing
1. Thou shalt thinketh for thyself.
2. Thou shalt educate thyself and make thine own investment plan. If not, be prepared to spend a lot of money on lousy advice from high-priced investment helpers.
3. Thou shalt simplify, diversify, and keep thine investment costs low or thou shall dwell in the house of the poor.
4. Thou shalt only invest in investments thou understandeth.
5. Thou shalt determine thine risk tolerance based on thine ability, willingness, and need to take risk. Thou shall invest in a manner that allows thee to sleep well at night.
6. Thou shalt not kill thine portfolio through excessive trading. Thou shalt buy and hold and limit trading to: a) new investments, b) rebalancing, and c) the occasional correction of thine boneheaded investment decisions.
7. Thou shalt try really really hard not to time the market. The only exception is if common sense tells thee that: a) the stock market appears outrageously overvalued or undervalued; or b) bond yields appear wildly attractive or unattractive.
8. Thou shalt not covet thine neighbor’s investment plan because thine neighbor: a) may not knoweth what he is doing; or b) may have a different financial situation and risk tolerance than thee.
9. Thou shalt have no false investment gods before thee. Thou shalt not pay attention to “financial experts,” economists, and the financial media.
10. Thou shalt always question thine most strongly held investment beliefs and keep thine mind open to learning new investment principles and concepts.
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