These are lessons I learn from Ric Edelman’s radio show. I have some of his books, he’s a great financial adviser. Here are the points of what he said in the show.
- Assume the worst when you invest.
- Main your investment diversification.
- Have cash reserves in a safe place and don’t chase yield for it’s not cash you can use in hard times.
- Be skeptical and critical about what you read because the media is not necessarily smarter than you.
- Don’t be panic. Remember that your nation is caring for its citizens.
Read his article.