Being smart with $$ - Rules for investing

Investing rules (per K. Kristof in Kiplingers Nov '15): 1) Diversify your investments (not all eggs in one basket); 2) Rebalance (yesterday's outperformer is often tomorrow's underperformer); 3) Dollar-Cost Average (keep investing regularly); 4) Keeps Costs Down (investments with high fees will underperform more often than not).   She forgot to mention: Save first and only spend what's left (you can't control how well the markets do but you can control how much you add to your accounts.)
- Larry Pike, CFA, Client Priority Financial Advisors LLC
- www.clientpriority.com