We have discussed a few important investing principles, however one can never talk enough about good investing strategies. One of the most important principles of good investing is patience, in my opinion patience is the most vital aspect of investing. Million Dollar Journey discusses patience and discipline in the second part of his principles of successful investing.
More and more people find it harder to to make ends meet, raises are frozen, investments are shrinking and banks are lending less so how can one boost their income? CNN Money shares 5 alternative ways to give you income a boost.
I have written several times about investing in gold and why gold is not a great investment option for most. However gold continues to rise and set new records, is this the formation of another bubble? Canadian Capitalist shares his opinion on why gold bubble could be forming, and I could not agree more.
Earlier this week Liza wrote about the importance of of giving, I personally am very big on helping the less fortunate and hope you too decide to give back. If you are not sure on how much to donate during this holiday season Thicken My Wallet provides some tips on how much is too much.
Diversify, diversify, diversify. This is the most common advice you will receive regarding your investments, diversification is the single most important factor in your portfolio’s return however just adding more stocks is not diversifying your portfolio. Jason Zweig at Wall Street Journal discusses why more stocks may not make your portfolio any safer.
Carnivals:
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Article by Ray
Ray is an ex-financial adviser and the founder of Financial Highway. Currently working in the financial industry and working towards completing his Chartered Financial Analyst, CFA, designation.
Ray has written 271 articles.
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{ 5 comments… read them below or add one }
Thanks Ray. I don’t understand your comment though. Did you mean “I could not agree more”?
I read the Money article in its print form, and thought it was a good read. Thanks for sharing it with us!
opppss yes that is what I meant!
Thanks for the link. Enjoy the weekend.
I can tell Jason from the WSJ right now that stocks definitely make your portfolio much more dangerous!
Happy Thanksgiving Weekend!