Kevin O’Leary Investment Advice

kevin-oleary-cold-hard-truth

I was reading Kevin O’Leary’s book,  “Cold Hard Truth on Men, Women & Money, and I like it so much I thought I’d share a few of his thoughts. 

  • Diversify – 5% in any one stock or bond and 20% in any one industry. 
  • Dividends – only buy stock and bonds that either give a dividend or interest.
  • Invest in industries you understand. 
  • Buy and hold. 

Practical Tips

  • Establish your own credit line.
  • Make a budget and set aside savings every month.
  • Pay off consumer debt first and then start investing.
  • Invest your age in bonds. If you are 40 years old, have 40% of your investments in bonds.
  • He also has good money advice for kids, marriage etc.
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About Tom Terrific

Interested in MANY things.

Posted on October 20, 2013, in Books, Saving Money. Bookmark the permalink. Leave a comment.

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