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Several investors were asked to share their top financial tips, and heres what they said.
Also seeTony Robbins six golden rules of investing.
Its important to ensure you know what youre doing so you’re free to invest confidently.
Seriously, I cant stress this enough, Corona said.
Good investing is boring, otherwise, youre doing it wrong.
No one wants to be average, but with investing, average is actually well above average.
Nashs four keys to good investing are keep saving, stay diversified, keep fees low and minimize taxes.
But even so, it doesnt hurt to make conservative assumptions.
Yes, the market historically has done 9%-10% annualized returns.
Assume 7.5% or 8%.
Assume you live longer than you expect to live.
If you include these margins of safety in your investment strategy, it keeps it simple and realistic.
Diversify (and Seek Professional Advice)
Last but not least, diversify your portfolio.
But before you do any of this, he also suggested seeking financial advice from a professional.
you’ve got the option to start however youd like, but educate yourself first.
You may also want to keep things simple in the beginning or even for the long haul.
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