1. If it sounds too good to be true, it's definitely not true!
2. Anyone promising returns over 15% per year should be asked why they're not counted among the greatest investors like Warren Buffett, Peter Lynch, or Ray Dalio.3. To gain more, you often have to risk more, but sometimes your risk tolerance is zero (and you might not realize it).
4. Only invest in what you can explain to a 5-year-old or even a German Shepherd. In investing, complex thinking isn't necessary.
5. Minimize costs – if you're overpaying, someone else is cashing in.
6. When everyone agrees, everyone's likely mistaken.
7. Investing is like snagging a pair of top-notch shoes – it's a real deal when they're on sale.
8. Those who can, do it – those who can't just talk.
9. A great book is worth more than an expensive course.
10. Doing the right thing might make you feel foolish at times, but it eventually pays off.
11. Time is on your side: Use it as much as you can.
12. You're not your neighbor or coworker; everyone charts their own path and outcomes.
13. Diversify – remember, you're not Warren Buffett!
14. All extremes tend to balance out in the end.
15. Invest because you comprehend the business, not because you like the name or have a connection.
16. Evaluate results across years, not days.
17. Every invested dollar should have a purpose; never invest without understanding why.
18. Develop a clear strategy before committing your money.
19. Compounding is a marvel, but you have to leverage it for it to matter.
20. Speculation isn't investing – it's the price paid by those who rush in without thinking.
Source: investing.com
