The best investing advice you've ever recieved

Discussion in 'Trading' started by felixbocharov, Jul 11, 2016.

  1. toolazy

    toolazy

    each its own plan. your bet is not risk free. Bet is no civil unrest and people will continue multiplying like rabbits, and no communism. Same result you could achieve buying stocks for buy and hold and have no debt and live off divs. Rislikg your best years on such bet is dangerous. See many places in the world where this would not work.

    i am doing okay although my prop investements do not show much. But I have rule 1/3 cash, prop, equities.
     
    #31     Jul 12, 2016
  2. shazam75

    shazam75

    Let your profits run and cut your losses.
     
    #32     Jul 12, 2016
  3. Buy farmland in the corn belt
     
    #33     Jul 12, 2016
  4. Handle123

    Handle123

    Heck, if civil unrest comes in the world, food and water is most needed, can't eat gold nor bullets. And when it comes down to it, what good are shares of a company when world under a war, it is all arbitrary of worth, basic needs. One day every government can say cash is worthless and they taking over all land and companies, then what?
     
    #34     Jul 13, 2016
  5. toolazy

    toolazy

    agreed. the only difference is when buying properties, one has to borrow to get desired leverage. And if SHTF, one is locked in such a place by loan.

    with stocks one can get same magnitude movements without borrowing.

    It is much harder to gain skills to be really successful in stocks though. Not so with property.
     
    #35     Jul 13, 2016
  6. Zestilio

    Zestilio

    That's like the best trading advice ever given :D
     
    #36     Jul 13, 2016
  7. Spooz Top 2

    Spooz Top 2

    Learn how to lose.. properly... As capital preservation is paramount!
     
    #37     Jul 13, 2016
  8. don't bet with your own money is probably the best advice

    can't lose no matter what
     
    #38     Jul 13, 2016
  9. qxr1011

    qxr1011

    Never got investment advice worth mentioning.

    All my life I invested in myself, then in my kids, God-willing will also invest in grand-kids.
     
    #39     Jul 13, 2016
  10. Piptaker

    Piptaker

    An excellent trader many moons ago told me to learn and understand order flow, he wasn't wrong ........
     
    #40     Jul 15, 2016