Ten investment pointers provided by Nick Murray in Simple Wealth, Inevitable Wealth book:
1) I believe that the fundamental investment risk is not losing one’s money, but outliving it.
2) I believe, therefore, that the only safety lies in the accretion of purchasing power.
3) I believe that the great long term risk of stocks is not owning them.
4) I believe that everything you need to know about the movement of stock prices can be summed up in 8 words: The downs are temporary; the ups are permanent.
5) I process the experience which most people describe as a “bear market” in two different words: big sale.
6) I don’t believe in Individual Stocks, I believe in managed portfolios of stocks.
7) I believe that dollar cost averaging (SIP) will make the dumbest person in the world wealthy.
8) I love volatility.
9) I’m not afraid of being in the next 25% down tick. I am afraid of missing the next 100% uptick.
10) I believe that, prior to retirement, people should own as close to 100% equity as they can emotionally stand. Then, after retirement, I believe they should own as close to 100% equities as they can emotionally stand.
