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9 Investing Rules To Live By

4. Tune out the majority of news.

4. Tune out the majority of news.

A 24-hour news cycle is built for people who can't see more than 24 hours ahead. That's why a long, slow, but very important rise in domestic energy production is rarely mentioned, but when the Dow falls 20 points, it is MUST-READ BREAKING NEWS.

Most people's relationship with daily business news should be either (A) nonexistent -- ignore it all -- or (B) something that incrementally helps you understand how the world works but rarely compels you into action.

Atlantic writer Derek Thompson recently wrote:

I've written hundreds of articles about the economy in the last two years. But I think I can reduce those thousands of words to one sentence. Things got better, slowly.

That's all you needed to know. The rest was noise.

9 Investing Rules To Live By

1. Nine out of 10 people in finance don't have your best interest at heart.2. Don't try to predict the future.3. Saving can be more important than investing.4. Tune out the majority of news.5. Emotional intelligence is more important than classroom intelligence.6. Talk about your money.7. Most financial problems are caused by debt.8. Forget about past performance.9. The perfect investment doesn't exist.
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