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Millionaire Now! by Larry Nusbaum

This blog is based on the organizational principles found in my new book, "Millionaire Now! - A Financial Toolbox with Seven Steps to Wealth".

Louis Ehrenkrantz' 7 Golden Rules for Investing:

Posted on 08/20/2006 11:01 AM | Link | Post Comment

http://millionairenowbook.blogspot.com/

First rule: develop a large appetite for reading; it will hone your instincts for finding successful companies.

Second rule: don't over diversify; ten stocks, in at least three sectors, are enough for the average investor.

Third rule: stick with your winners and sell your losers; do not automatically sell when a stock hits a target price, but continue to hold it as long as it performs well and has good prospects for the future.

Fourth rule: look for top-quality, out-of-favor companies; look for companies that produce an array of high-quality products and/or services.

Fifth rule: don't worry about earnings if a company makes a popular product; strong earnings growth will follow.

Sixth rule: don't tinker with your portfolio; check your portfolio's performance only once or twice a year.

Seventh rule: don't be afraid to hold cash; it's okay to be prepared to purchase stocks with beaten-down prices after a correction.

1 Comments:

Feel free to contact me Larry. Yes, the name was spelled with a "t." We'll discuss.

posted by Miles Ehrenkranz @ 12/06/2006 22:44:00

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