FIVE rules to better investing

i read a lot on investing and sometimes we come across rules given by pros that  are quite worth adhering to, here below are five by brian hicks of wealth daily:


Note: My rules don't address specific sectors, because sectors that are in favor one decade won't be the next; this is a template for investing in any market sector in any market environment.

1. Protect the cash: That’s how fortunes are made.
   Depending on the market environment, there are times when I make five trades in a day.
   
   But there are also times when there’s no investment to make. I’ve gone days, weeks, even months without deploying investment capital... but when I’m ready, I have a nice big bankroll to use. So be patient.
2. You need to take 100% control.
   As my above experience proves, you need to have 100% control of your financial destiny. If your broker or money manager dismisses your concerns, questions, or objections, fire him immediately.
3. Liquidity.
   Make sure the investments you are in are liquid. If you get stuck in an investment that goes “no bid,” you could be in an investment (housing, for example) for months, even years, with no way out.
4. Trust your instincts.
   If something doesn’t feel right, chances are it’s not. This is why investment newsletters like Wealth Daily exist: The editors at Wealth Daily do not get paid by pitching funds or stocks (like money managers). We get paid by the success of our investment ideas. If you make money from our ideas, you stay with us — if you lose money, you leave us. Pure and simple.
   
   And finally...
5. If you’re going to speculate, go where the boom is.
   This one really is simple. As you know, we’ve been following the boom in the Bakken oil shale and the boom in the Marcellus for years. In fact, we were one of the first investment newsletters to bring this to your attention.
   
   Companies heavily involved in the Bakken are making money hand over fist — and so are the shareholders of those respective companies.