Templeton's Ten Investment Commandments
Sir John Templeton's ten commandments for successful investing
β Invest for Real Returns
You should invest with the goal of achieving real returns after accounting for future inflation and taxes.
β‘ Keep an Open Mind
No single asset can always produce the highest returns. You must approach various assets and investment methods with a flexible, open mind.
β’ Never Follow the Crowd
Do not act immediately in a market panic; take a deep breath and analyze your portfolio. The time to sell is before the market falls, not after.
β£ Everything Changes
Always stay alert and watch your investments closely. No matter how strong, a bull market does not last forever, and a bear market ends someday. There is no stock in the world that you can buy and then forget.
β€ Avoid the Popular
Stocks that everyone wants to buy have often already risen considerably in price.
β₯ Learn from Your Mistake
If you avoid investing to avoid making mistakes, that itself is the biggest mistake. Unless you learn from your mistakes and clearly see into the situation, you can never reverse it.
β¦ Buy During Times of Pessimism
The time when pessimism is at its peak is the best investment opportunity.
β§ Hunt for Value and Bargains
Do not invest based on market trends or economic outlooks. Buy the value of individual stocks and strive to discover undervalued good stocks.
β¨ Search Worldwide
Diversify your portfolio by industry, risk, and country. Do not lean toward a single country; look to the whole world to find better investment opportunities.
β© No-one knows Everything
A wise investor is one who recognizes that the process of constantly seeking answers to new questions is itself success.
Topics: John Templeton,Investment,Stock
Source: John Templeton
Category: Scrap/Quote