The critical ingredient is a maverick mind. Focus on trading vehicles, strategies and time horizons that suit your personality. In a nutshell, it all comes down to: Do your own thing (independence); and do the right thing (discipline). -- Gil Blake
There are 2 simple questions you must first answer:
1. What is the time-frame in which you need access to your money? (next week? next year? 10 years? retirement?)
2. How much risk and volatility are you comfortable with?
The Answer: Asset Allocation... not fundamental analysis, not technical analysis, not market trending, not tips from brokers and analysts ... but straight up asset allocation.
Excellent investment advice. Keep it simple...
- post by taylortreeThere are 2 simple questions you must first answer:
1. What is the time-frame in which you need access to your money? (next week? next year? 10 years? retirement?)
2. How much risk and volatility are you comfortable with?
The Answer:
Asset Allocation... not fundamental analysis, not technical analysis, not market
trending, not tips from brokers and analysts ... but straight up asset
allocation.