Kevin O’Leary Investment Advice

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.