Wednesday, April 3, 2013

Interesting read.  Perhaps a bit harsh, but it's a good reality check on not always following the "hot" money.

http://www.pimco.com/EN/Insights/Pages/A-Man-In-The-Mirror.aspx



Some basic rules which have worked well for me over time:

-Do your own homework

-focus on actual results rather than perhaps rosy forecasts

-don't forget fees and especially avoid layers of fees (for example a mutual fund that invests in ETF's)

-index funds can be very cost effective

-things are never as bad as they seem nor as good as they seem, which is another way of stating Buffet's be greedy when others are fearful and fearful when others are greedy.

-don't get carried away by any one idea


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