Templeton'S 15 Investment Rules

2007/11/21 15:46:00 41678

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John Templeton ( John Templeton As the father of investment, it is not only his Ninety-one Because he is a model of value investing and let Americans know the advantages of overseas investment, he has created the first step of global investment. Templeton self 1987 After retiring in 2003, he devoted himself to missionary work and wrote his own life philosophy. Fifteen Bar.

Faith helps Investment: a person with faith will be clearer and more alert, and the chance of making mistakes will be reduced. Be calm and firm in mind and be able to avoid being affected by the market environment.

Modesty and learning are the keys to success: those who seem to know all kinds of problems do not know the real answers. In investment, arrogance and arrogance bring disaster and disappointment. Smart investors should know that success is a process of continuous exploration.

Learn from your mistakes: the only way to avoid investment errors is not to invest, but this is the biggest mistake you can make. Do not take the investment mistake seriously, and do not put all your eggs in one basket to make up for the last loss. Instead, you should find out the reason and avoid repeating the same mistake.

Investment is not gambling: if you keep going in and out of the stock market, only a few price profits, or continue to sell short, make options or futures trading, the stock market has become a casino for you, and you are like a gambler, and will eventually lose everything.

Don't listen to tips: grapevine sounds like you can make quick money, but you should know that there is no free lunch in the world.

Investment should be done: before buying stocks, you should know at least the company's outstanding position. If you have no ability to do it, ask experts to help you.

To win the professional institutional investors: to win over the market, not only to win over the general investors, but also to the professional fund managers, and to be smarter than the big ones, that is the biggest challenge.

Value investing Law: buy value for money rather than market trend or economic prospect.

Buy high quality shares: quality companies are better than those of the same kind, such as companies with sales lead in the market, leading technology companies in the technological innovation industry, and excellent companies with excellent operational records, effective control of costs, advanced entry into new markets, and production of high profit and dissipation products.

Take advantage of low absorption: "buy low and sell high" is the easy and difficult rule, because when everyone buys, you buy along with them, resulting in an investment that is not worth the price. On the contrary, when the stock price is low and investors retreat, you will also follow the shipments and eventually become "buy high and sell low".

Don't panic: even if people around you are selling, you don't have to follow, because the best time to sell is before the stock market crashes, not after. On the contrary, you should look at your portfolio, and sell the only reason why there is stock. There is more attractive stock. If not, you should continue to hold shares.

Pay attention to the actual return: when calculating the return on investment, don't forget to include tax and inflation. This is especially important for long-term investors.

Do not put all your eggs in the same basket: diversify your investment in different companies, industries and countries, but also spread in stocks and bonds, because no matter how smart you are, you cannot predict or control the future.

An open attitude to different investment categories: to accept different types and regions of investment projects, the proportion of cash in the portfolio is not static. No investment portfolio is always the best.