It is good to have friends who are smart intelligent investors. These people are fun to meet. They share precious personal knowledge and experience. On many occasions, you can coattail on their hardwork profitably. At times, they prevented you from committing an obvious investing mistake.
How to spot these smart intelligent investors? Yes, they maybe of any ages. The younger investor maybe smart, but it does take time to build up an experience. Seek out those in their 50s or older with a good track record. There are many who invest in the market; a record they do have but not that of the truly committed smart intelligent investor.
The truly smart intelligent investors are those with a record of good total return accumulated over MANY years of investing. They are passionate, hardworking and perhaps well-networked. They have a philosophy and strategy. They may even sound boring as they are so predictable. They are not many but not rare. Make friends with them. Rub shoulders with them. There is little to lose and a lot more to gain.
Of course, beware the financial genius in a rising market. As the saying goes, when the tide recedes, many of them are found swimming naked.
Keep INVESTING Simple and Safe (KISS) ****Investment Philosophy, Strategy and various Valuation Methods**** The same forces that bring risk into investing in the stock market also make possible the large gains many investors enjoy. It’s true that the fluctuations in the market make for losses as well as gains but if you have a proven strategy and stick with it over the long term you will be a winner!****Warren Buffett: Rule No. 1 - Never lose money. Rule No. 2 - Never forget Rule No. 1.
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