Rick Van Ness's Blog, page 7

Buffett: ‘Gold is a speculative investment!’ (video)

Gold funds are speculative investments. Instead of investing in a productive asset that will create value, you (gamble) the future price will be higher.

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Rule #10: Stay The Course (video)

Stay the course — that's the famous John Bogle mantra because so many investors make terrible decisions based on emotions. Invest for the long-term. These videos help you stay the course because it’s easier to block out the noise once you realize there is time-proven wisdom and places to learn more—without being subjected to somebody trying to sell you something.

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Rule #9: Keep It Simple (video)

Keep it simple. That's the mantra of many happy and successful investors, and the ninth of ten common sense rules to investing.

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Rule #8: Minimize Taxes (taxes and investing for dummies) (video)

Minimize taxes! We could have lumped this into the last rule which was to keep costs low, but tax costs are so important that we made a special rule to minimize taxes. Use tax-advantaged accounts. Defer taxable gains to minimize taxes. Avoid funds with high turnover, and become a long-term investor.

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Rule #7: Keep Costs Low (use low cost index funds) (video)

Keep costs low! That's the seventh of the Ten Rules of Investing For Beginners. To keep costs low you need to be vigilant and recognize how service providers make their livings.

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Rule #6: Use Index Funds and Passive Investing (video)

The sixth rule is to use index funds. Or most accurately, use passive funds for the lowest possible costs. Usually these are index funds. The secret Wall Street doesn't want you to know: actively managed funds underperform the market. Recent winners make the "recommend" list—but don't pay much attention to that. There are very few that can outperform the market in the long run because of costs. A very few will, but since you can’t choose them in advance—don’t even try.

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Rule #5: Don’t attempt market timing (video)

The fifth of ten common sense investing rules is: never try to time the market. You can't outsmart the market. Nobody can. The strong warning to not try to time the market applies to the bond market as well as the stock market—it's a loser's game.

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Rule #4: Diversify Investments (Investing 101) (video)

Diversify stocks so you don't carry uncompensated risk. And, diversify stocks with bonds to get the magical benefit of uncorrelated assets. Easy, learn how!

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Rule #3: Control Investment Risk with Asset Allocation (video)

The third of the Ten Rules of Investing For Beginners is: never bear too much risk, or too little! You can control investment risk with asset allocation. Too often, investors that are holding too much risk (too much stock, too little bonds) sell when the market falls (or, exactly the wrong time).

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Rule 2: Invest Early And Often for the Miracle of Compound Interest (video)

The second of the Ten Rules of Investing For Beginners is: invest early and often! Automatic payroll investing is a secret that works for many.

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