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[Over the years I must confess that I picked up some valuable principles from some of the wiser persons that I worked with. I cannot emphasize enough the importance of having a framework or vision in your mind of how you want to structure the portfolio. The following four principles may help you set up that framework. They are some of the most valuable bits of advice handed down to me and I will share with you. It goes like this: If you invest, have a very clear picture in your mind of the following: i) Have a time horizon, ii) Set a risk tolerance level, iii) Have a return expectation, and iv) Have a yardstick for measuring success.]
Published: Nov 18, 2017
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