Who do you look to for financial wisdom? We’ve compiled 40 money tips from experts that you can apply to your own trading, investing, saving, and financial planning. Here are a just a few of them:
‘Never enter into a trade or investment without having a thorough plan first. If you fail to plan, you plan to fail!’
Merlin Rothfeld, Power Trading Radio Host, Online Trading Academy
‘For each investment you make, you really, really have to understand the risks that you’re taking. Don’t outsource that task to your financial advisor…. If you’re not willing to do that work, you should just keep your money safely in a bank.’
Greg Collett, Formerly COO of Deutsche Bank’s commodity ETF business, currently a lawyer representing defrauded investors.
‘Comparison shop when it comes to choosing a primary financial institution. It’s a very basic concept, but one that many people fail to grasp. The big banks are often the default choice, yet smaller and institutions like community banks and credit unions are considerably overlooked.’
John Gower, Analyst for NerdWallet, a personal finance website