- I am an investor–I do not trade my investments frequently.
- I am also a saver–I routinely invest each month using my savings.
- I know every asset has risk and I consider the risk before buying. I accept the risk by owning a diversity of assets.
- I have an investment plan and plan for allocation.
- I invest regular amounts each month in both falling and rising markets.
- I spread out my investments among stocks and bonds.
- My share of bonds equals my age.
- I rebalance once a quarter.
- I know that stocks are risky in the short run but not so risky in the long run.
- I force myself to sell high and buy low. Patience is the key here.
- I put at least 20 percent in international assets.
- I stick to my plan and try not to check my stock balances every day (this one is not easy).
- I try to remember the words of Warren Buffet –” I am greedy when others are fearful and fearful when others are greedy.”
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