no individual could possibly keep up with—let alone understand—all the arcane financial products out there. But here’s the good news: You don’t have to. Nor do you have to know which way the market is heading (news flash: nobody does) to be a successful investor. In fact, the more you can tune out the noise, the better off you’ll be. As a dividend investor, I’ve found that sticking to a few simple rules is all it takes.
Here are seven that I consider to be among the most important. 1. Think Like an Owner, Not a Trader, 2. Remember the Ten-Year Rule, 3. Watch Dividends, Not Stock Prices, 4. Consider ETFs, 5. Buy US Dividend Stocks, 6. Reinvest Dividends and 7. Be Conservative.
Source: Minyanville
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What's the 10 yr rule?
Don't buy a stock that you wouldn't be willing to hold if the market shut down for 10 years.
Best Wishes,
D4L