When it comes to investing, most of the really important stuff is actually really simple. It only sounds complicated because your financial planner wants to confuse you even further so he can charge you even more money.
In a recent blogpost, I mentioned that the two most important things you need to know about investing are:
- Invest in assets
- Diversify across them
But if you’re looking to expand your repertoire of important-yet-pithy nuggets of financial wisdom to remember throughout life, check out this awesome article from Morgan Housel of The Motley Fool. He’s summarized all the wisdom you need to know into 61 one-sentence financial rules. Here are some of my favorites:
(These nuggets of wisdom all totally in line with my investment philosophy of index investing, so if you’d like some practical advice on how to implement them in Singapore, check out my recently-launched Automatic Investing guide)
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