1. Investing in equity is risky.
2. You should consider investing in any equity, such as local businesses. Investing just in the stock market is foolish as you have just one asset class.
3. Make sure you diversify your assets, not just among a single asset class. ie, real estate, mining, local business, national business and across industry.
4. The first goal of investing is not losing money or breaking even at worst.
5. Your second goal of investing should be cashflow. Equity that doesn’t pay cash are baseball cards. Dividends are king.
6. Your highest rate of return on investment comes from you working.
7. Wealth is cashflow that you don’t have to earn. It is known as passive income.
8. Don’t trust people, read contracts.
9. If you do not understand the business DONT invest.
10. NEVER trust ANYONE who lies or hides any kind of truth in business.
11. Becareful of private placements, Reg d 506 and 504. Before you invest, make sure you can see the books, know the people.
12. If you invest seek a board seat.