Took this from the X-Factor report this week – good stuff to remember.
“This is why it is always important to remember and follow Richard Bernstein’s 10 Investment Lessons. I have highlighted the most important lessons for you. 1. Because most investors ignore income opportunities, income may be more important than are capital gains. 2. Most stock market indicators have never actually been tested. Most don’t work. 3. Most investors’ time horizons are much too short. Statistics indicate that day trading is largely based on luck. 4. Bull markets are made of risk aversion and undervalued assets. They are not made of cheering and a rush to buy. 5. Diversification doesn’t depend on the number of asset classes in a portfolio. Rather, it depends on