Comments on: My Investment Rules: Rule #1 – Understand What You Invest In No Matter What!

By: mfd

mfd — Fri, 10 Apr 2009 22:00:25 +0000

@GoForexYourself – Aye I have definitely learned new things from my mistakes but I think I’m the better for it.

By: GoForexYourself

GoForexYourself — Fri, 10 Apr 2009 17:07:59 +0000

Thanks for the article. Learning, reading, and trial/error is must to achieve your goal.

By: ABCs of Investing

ABCs of Investing — Mon, 06 Apr 2009 03:12:41 +0000

[...] My Findependance Day says to understand what you invest in! [...]

By: Friday Links | The Canadian Finance Blog

Friday Links | The Canadian Finance Blog — Fri, 03 Apr 2009 10:02:51 +0000

[...] My Findependence Day points out that you should understand what you investing in. [...]

By: mfd

mfd — Wed, 01 Apr 2009 21:04:16 +0000

@Alexandra (MoneyGal) – those are great points. The purpose of this post was to be more specific on the understanding rule which you’ve certainly done. Thank you very much

I’ll put it under a section of its own since it applies to all of the investment types.

By: Alexandra Macqueen

Alexandra Macqueen — Wed, 01 Apr 2009 16:14:14 +0000

(this is MoneyGal on Twitter)

I’d say another criteria is understanding the specific risks associated with each kind of investment; the tax treatment of each kind of investment; and the goals you would seek to fulfill in holding each kind of investment. Make sense?