The12 Investment Commandments for 2012

Inspiration from  Scott Phillips – Wednesday, January 2nd, 2013

1. I will live below my means — spending less than I earn 
2. I will save money into a rainy-day fund so I’m ready for what life might bring 
3. I will invest money I don’t need for at least 5-10 years to build my nest egg 
4. I will regularly add to my investment account 
5. I will learn more about investing, taking control of my financial future 
6. I will invest in quality businesses, buying a slice of the company, not just a code on a screen 
7. I will buy shares in a company with the intention of holding them for the long term 
8. I will sell when my investment thesis fails, the company is overvalued or I have a better idea 
9. I will avoid anchoring my decisions to the price I paid for my shares 
10. I will remember than the market can be moody and over-react 
11. I will expect volatility, and I won’t let it spook me into selling 
12. I will let the market offer me prices (be my servant), not dictate my mood or actions (be my master)

Posted on January 4, 2013