NUMBER ONE: FOCUS ON WHAT YOU CAN CONTROL
Market movements, business decision, economic events, politics, interest rates…
There are many factors that can influence the performance of your investments.
Instead of worrying about events that are out of your control, focus on optimizing what’s in your control.
- Diversify broadly
- Reduce expenses and turnover
- Minimize taxes
- Create an investment plan to fit your needs and risk tolerance
- Structure a portfolio along dimensions of expected returns.
There are 7 more principles to learn and understand to help make the most of your investments.
