Lux Investing
Do it yourself investing. Where do you get your advice?
I've read quite a few books on investing and most seem to present a solid case and strategy for investing. Some suggest small caps, others say you can't go wrong with large cap value stocks, etc. The rationales all make sense to me. The only problem is that I feel that these books are out of date the moment they go to print. I don't know how these books can attempt to back-test a strategy against today's rising oil prices. Does anyone know of a investing resource (book/magazine/website/service) that provides timely advice. I'd follow the advice in my Fidelity monthly newsletters, but they are all about Fidelity offerings. I'd like something a bit more vendor nuetral. While I'd consider consulting a financial advisor, every book I've read suggests that even financial advisers are too much "in-bed" with whatever strategies and funds they are professing. Any advice is greatly appreciated.
Public Comments
- The basic tenets of investing never go out of style. 1) Diversify in a wide range of stocks and bonds and forms of cash. 2) Determine your risk appetite subject to your age and personal tastes and invest accordingly. 3) Diversify with international investments. 4) Don't start investing until you have an emergency fund of at least 3 months of expenses saved up. 5) Invest gradually over time. Invest a set amount each month or every other month so you can take advantage of dollar cost averaging. 6) Invest through various vehicles including 401K's, IRA's and regular brokerage accounts. All of the above advice is timeless and doesn't need to be updated. As far as the individual investments, research each stock or mutual fund you're interested in which fits your risk profile. Try to make initial investments when they appear to be undervalued. And continually monitor your investments to make sure that the original reason you purchased it still is valid. If not, consider redeploying your investment. Good luck to you.
- I rely on my broker
