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#6
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Do not spend more than you can afford to lose on toys.
Do not ask a bunch of junkies and people with a vested fiscal interest in pumping a market with a history of giving horrifically irresponsible financial advice if you should invest in the same assets. Do not count on a collectible with recent huge jumps to inexorably gain value. Do not empty your 401K or take out loans to buy baseball cards. Do keep some cash on hand. Do diversify your investments. Do seek financial advice from people without a conflict of interest. Do invest in things that the powers that be also rely on and will do anything it takes to keep going positively over the long haul. |
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