Rules of the Road

Current Boycott List

ABC, NBC, CBS. MSNBC, CNN

NEW YORK TIMES, WASHINGTON POST

WENDYS

BEN AND JERRYS ICE CREAM

Bill Maher

Kathy Griffin (we were big fans until she went bat shit crazy)

___

Rules of the Road

Any nitwit can cruise the net and buy recommended high paying dividend paying positions.  BUT you have to know when to SELL.  The real art in SUCCESSFUL investing is knowing when to sell and get out before the bond/stock falls apart.

Never, never, ever buy an Annuity. They sound great but they are SOLD by insurance salesmen seeking high commissions, and they are the biggest scam on the planet. Avoid. Just Google search and you can find articles talking about how bad these are.

Don’t trust your money to brokers or “wealth advisors” who only want to collect commissions. If you need a money manager, use a Registered Investment Advisor. Go to https://www.napfa.org/  There also good newsletters at

www. seekingalpha.com.

Never buy more than 4% of a single position. At a maximum of 4% you would have around 25 positions in your portfolio. Learn from the mistakes we have made: don’t go above 4%.

Generally speaking, you do NOT want to own bond FUNDS. We prefer individual bonds and target date bond funds where the fund closes on a specific date.

The most important rule:  start saving early.  Take advantage of your Company 401K, even if you can only save small amounts.

Advertisements
%d bloggers like this: