My one, cardinal rule for investing

coaching investing Feb 01, 2021

I am not an investment advisor. 

Let's just get that out of the way at the outset, because I don't want anyone to think I can (or will) tell them which investment vehicles to use to make their money grow.

I can, however, tell you where NOT to put your money.

Almost any investment can be good, given the right circumstances.

But here's the one investment that's NEVER wise:

The investment you don't fully understand.

This is my one, cardinal rule when it comes to putting money aside for the future: never get into an investment if you don't 100% understand how it works. 

I got to thinking about this over the past week, with all the excitement around  GameStop and the hedge funds being hoisted by their own petard. If you're not familiar with the story, check out this excellent article that explains what happened in layman's terms.

A lot of people who know little to nothing about shorting stock, or stock market investing in general, have jumped on the bandwagon that's...

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