Warren Buffett has some good investment advice for average Americans here. Buffett's "top three pieces of advice" are the following:
1. If it seems too good to be true, it probably is.
2. Always look at how much the other guy is making when he is trying to sell you something.
3. Stay away from leverage. Nobody ever goes broke that doesn't owe money.
These are pretty good. I'd add the following to his list:
4. Diversify, diversify, diversify.
5. Buy index funds.
6. Pay no attention to this man.
What would you add to the list?
Jim Rogers says you should put all your eggs in one basket if you want to get rich.
What do you think?
Posted by: Cody | July 11, 2009 at 05:03 PM
Hmm. I tried to link text, but the html didn't come through. I should have previewed my post first.
Here's the link.
http://www.businessweek.com/investor/content/apr2009/pi20090414_131044.htm?chan=top%2Bnews_top%2Bnews%2Bindex%2B-%2Btemp_investing
Posted by: Cody | July 11, 2009 at 05:04 PM
Cramer is just trying to boost demand for the stocks he owns, thus raising the price of the stock...if your standard is "I own some of the stock, so it must be a hot commodity," then he is always right about hot stocks.
Posted by: Corey Carpenter | July 11, 2009 at 11:46 PM