FAVOURITE INVESTMENT ONE LINERS

[whiteheron]

I am considering making up a dosier of favourite investment one liners and will be interested in hearing any gems that you may have , attributed or anonymous

A few suggestions to kick it off ( not sure of the origins )

If you want to be a winner follow winners
If you want to be a loser follow losers
Never throw good money after bad
Time will tell (one of my favourites )
Treat investment tips extremely cautiously
Dont expect miracles overnight
To succeed you have to be smarter than the next fellow
Cut your losses and let your profits run
Nobody ever went broke making a profit (not too sure if literally correct , but has a message )
Never be too proud to take a loss and move on (probably the most common investment mistake )

These are just a few that come to mind
I am sure that there are hundreds of beauties out there that are much better than those that I have put up to start the ball rolling

Come on , put your thinking caps on and let us all know your favourites

Heres hoping that we all have a good year in 2005 --- personally I think it will be a bit tougher than 2004 though
Good investing

[Halebop]

When asked to give advice I've always loved the facetious: Buy Low, Sell High

More than happy to be stood corrected but I think the saying might actually be: Nobody ever went broke TAKING a profit...

Also love quotes from the expert of the moment explaining why today's fad will last forever!

[Longtack]

Here's some pearls (not of wisdom) from the high-profile investment-industry-supported but "independant" Mary Holm taken from the Dominion Post 14Dec article on "Stop Losses" but it covers a multitude of topics:

[:o)]"If it's falling fast, you are probably better to ride out the fall."
[:o)]"Often markets rebound fast. But sometimes it does take ages." Duh
[:o)]"The shares should also be based in different countries, unless you are also investing in an international share fund."
[:o)]"Then forget about trading strategies. Hold the shares for many years, through rising and falling markets."
[:o)][:o)]"Sell only those shares that have done so well that they now dominate your portfolio, and then sell only some of those holdings, just to restore balance." That's a beauty - selling your winners (to buy what? - a loser?). [xx(]

Like holding TEL at $9.30, watching it fall to $4.00 in 4 years, then waiting another 18mths to get to 70% of it's original cost (value.)

I feel that I must confess to recently disposing of my last managed fund and this returned a whopping 6% in 3 years - no - not every year for 3 years [xx(][V]

[whiteheron]

Halebop

Yes , the correct word is of course "taking "

Longtack

Perhaps I should add to the list " never take advice from Mary Holm "
I gave up reading her column many moons ago

Some ripper quotes there , but they definitely will not be making my list --- they may make an all time worst advice ever list though !

[foodee]

Just picked a couple from my collection.

"The most powerful force in the universe is compounding".......Einstein

"Look after the downside and the upside will look after itself"........Donald Trump

Cheers and a prosperous 2005 to all

[Steve]

My favourite of the year:

"Good, attractively priced IPOs will go out the door, there is huge demand for them." Tim Preston of ASB Securities.

[whiteheron]

Steve

Yes , but which door ???

Front door , side door , back door or trap door ?

Maybe this is some sort of IPO language that is reserved for the knowledgable

A great quote though

[whiteheron]

aspex

Thanks , some pretty good ones there --- that is the sort of quotes that I am after

Come on all you other folk , I am sure you must have some pearlers tucked away there that you can share with us

[zyreon]

Make sure the company is such that any idiot could successfully operate it... someday one probably will.
Bottom fishing is like trying to catch a falling knife.
Key to property investing success: location, location, location.
Key to trading success: money management, money management, money management.

Incidentally you most certainly -can- go broke taking a profit.

[Cooper]

quote:Originally posted by foodee


"Look after the downside and the upside will look after itself"........Donald Trump

Cheers and a prosperous 2005 to all

Was he being ironic??!! [:o)]