Templeton`s Rules of Investing

[DragonflyProperties]

Hi all,

John Templeton died a few weeks ago at the age of 95. Following are his rules of investing which, I think, are pretty good guidance for a lot of areas.

• Invest for maximum total return;
• Invest - don`t trade or speculate;
• Remain flexible;
• Buy low;
• Search for bargains among quality stocks;
• Buy value, not market trends or the economic outlook;
• Diversify;
• Do your homework or hire wise experts to help you;Monitor your investments;Don`t panic;Learn from your mistakes;Begin with a prayer;Outperforming the market is a difficult task;An investor who has all the answers doesn`t even understand all the questions;There`s no free lunch;Don`t be fearful or negative to often.

Keith

 

[timk519]

QUOTE (DragonflyProperties @ Jul 17 2008, 02:56 PM)

• An investor who has all the answers doesn`t even understand all the questions;Amen!

 

[TylerUzelman]

Keith,

Great words of wisdom, from one of that all time greats of investing! These are words we should all be reminded of on an ongoing basis.

 

[joeiannuzzi]

Definitely a loss to the global investing community! He certainly ranks as one of the greatest investors of our time along with Warren Buffet, Peter Lynch and George Soros.