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9 Investing Rules To Live By

2. Don't try to predict the future.

2. Don't try to predict the future.

A little more than a decade ago:

  • Greece was strong.
  • Russia was bankrupt.
  • Oil cost $13 a barrel.
  • AOL dominated the Internet.
  • Smart economists thought the government would pay off the national debt by 2009.
  • Apple (Nasdaq: AAPL ) was a joke.
  • General Motors (NYSE: GM ) was at an all-time high.
  • Mark Zuckerberg was in middle school.
  • Y2K was a major worry.
  • Fortune named Enron one of America's "most admired corporations."

The coming decade will be filled with just as many shifts. Learning to deal with them is more important than being able to predict them. Because no one -- no one -- will be able to predict them all.

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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