Tuesday, July 21, 2009

The 10 Commandments of Investing

Use these rules to guide you on the road to financial freedom.

The biblical Ten Commandments were intended to act as a driver's manual for the road of life. "Thou shalt not kill." "Thou shalt not lie." These are life's version of the stop-at-the-red-light-and-advance-when-safe rules of the road. In other words, they are all guidelines to keep people out of trouble. Because life's highways are full of potholes, blind turns and bad drivers, the investing world also suffers from scandals, scams and dishonest companies. Here are 10 commandments for the investing world designed to help keep investors - and their money - safe:

1. Thou shalt set clear goals.
2. Thou shalt put thy financial house in order.
3. Thou shalt question authority.
4. Thou shalt not follow sheep.
5. Thou shalt be humble.

Full-text: The 10 Commandments Of Investing

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