This episode is the first
in a two part review of my favourite investment book, Fail-Safe
by Harry Browne. In this episode I discuss the
background to this investing approach and provide an overview of
Harry's top 10 rules of financial safety:
Rule #1: Your career provides your wealth.
Rule #2: Don't assume you can replace your wealth.
Rule #3: Recognize the difference between investing and
Rule #4: No one can predict the future.
Rule #5: No one can move you in and out of investments consistently
with precise and profitable timing.
Rule #6: No trading system will work as well in the future as it
did in the past.
Rule #7: Don't use leverage.
Rule #8: Don't let anyone make your decisions.
Rule #9: Don't ever do anything you don't understand.
Rule #10: Don't depend on any one investment, institution, or
person for your safety
Fail-Safe Investing by Harry Browne
- As always, it's up to you what you do with your money. I'm not
a financial advisor and you will need to do your own research.