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PERSONAL FINANCE | 11/27/2013 @ 8:04AM | 55,057 views

365 Ways To Get Rich

From the Forbes2014

Investment Guide, wealth

building tips to last you

through the year. (For more

detailed advice, click on the

link in each tip.)

#1

Sir John Templeton: Invest at the

point of maximum pessimism.

#2

Dont mistake a low P/E ratio for a value stock.

#3

Benjamin Graham:Patience is the fund investors

single most powerful ally.

#4

Let your attorneys ride shotgun, but not in the

drivers seat.

#5

Remember Enron; reduce your employers

company stockin your 401(k).

#6

Warren Buffett: Rule No. 1 is never lose money.

Rule No. 2 is never forget Rule No. 1!

NEWS People P laces Companies

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Janet Novack, Forbes Staff

I write from D.C . abo ut tax and retirement policy and planning.

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The 2014Investment Guide

Janet NovackForbes Staff

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#7

Fund a Roth IRAif youre eligible; your money grows tax free for retirement,

and in an emergency you can take your contribution back without penalty.

#8

Barry Sternlicht: Pay attention to the big themes, because they are what will

help you earn ten times your money.

#9

Back a friend or relatives startupwith a convertible loan, so you share in theupside.

#10

Use commodities as a hedge against inflation.

#11

Raise the deductibles on your auto and home insurance.

#12

Form family limited partnershipsto transfer assets at a tax discount.

#13

Beat death taxesin 20 states by making big gifts while youre alive.

#14

For simple federal tax-free wealth transfer, make $14,000 annual giftsto

children and grandchildren. It wont cut into your $5.25 million lifetime

exemption from gift and estate taxes.

#15

Get tax advicebefore settling a lawsuit.

#16

ReadReminiscences of a Stock Operatorby Edwin LeFvre.

#17To keep peace with both relatives and the IRS, document all family loans.

#18

Peter Lynch: Never invest in any idea you cant illustrate with a crayon.

#19

View collecting as a hobby first and investment second; psychic returns can

make up for a lower average return than in stocks.

#20

Add a personal items floaterto your homeowners insurance to cover

collectibles.

#21

When the bear charges, stand your ground.

#22

For protection from inflation and currency devaluation, buy the gold you can

eatfarmland.

#23

Know your risk tolerance. Pick an asset allocationthat lets you sleep at night,

so you wont panic and sell stocks at the bottom.

Janet Novack

Forbes Staff

Follow (369)

Im the Washington D.C. bureau c hief for Fo rbes

and have worked in the bureau for more than

two decade s. I've spent much of that time

reporting about taxes -- tax policy, tax planning,

tax shelters and tax ev asion. These days, I also

edit the personal finance coverage in Forbes

magazine and coordinate outside tax,

retirement and personal finance contributors to

Forbes.com. Yo u can email me at

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#24

Dont keep too much in cash equivalentsover time, this safe investment

barely keeps up with inflation.

#25

After setting an asset allocation, rebalance yearly; it forces you to take profits

when stocks have surged and to buy more shares when theyre cheap.

#26

Benjamin Graham: Adopt simple rules and stick to them.

#27

Buy Bitcoin as a speculation or political statement, not a hedge.

#28

Be a tax-smart investor.Hold taxable bonds in a 401(k) or IRA. Put individual

stocks in taxable accounts so you can sell losers to harvest tax losses.

#29

Pay attention to the IRSwash sale rulewhen harvesting capital losses.

#30

Dont invest in a hedge fund unless its audited results are reportedincompliance with Global Investment Performance Standards.

#31

Build an emergency fund outside your 401(k).

#32

For the biggest tax breakwhen donating collectibles to charity, make sure

theyll be displayed and not sold.

#33

Put alternative investments like real estate (but never collectibles) in your

IRA.

#34

Burton Malkiel: All index funds are not created equal. Some have

unconscionably high expenses.

#35

Keep an eye onbut dont obsess overmutual fund fees and expenses.

#36

Even committed indexers should use actively managed funds to buy

municipal and high-yield bonds and value stocks.

#37Yield is nice, but total return is the metric that matters.

#38

Gold is overrated as an inflation hedgehistorically, its price moves are

unrelated to inflation.

#39

For inflation protection,buy floating-rate corporate bonds.

#40

Dont let the mood swings of Mr. Market coax you into speculating.

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Before Gold Prices Riseamericanbullion.com

- Convert your 401k / IRA to Gold! (US

Approved Retirement Plan)

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#41

Beware affinity fraud; find God, not hot investments, at your church,

synagogue or mosque.

#42

Sir John Templeton: The four most dangerous words in investing are: this

time its different.

#43

Dont put more than you can afford to lose into a crowdfunded deal; startupsare always risky, and the new JOBS Act reduces both paperwork and investor

protection.

#44

Dont underrate the importance of liquidity.

#45

Use Quicken or a Web service to track all your financesand see your big

picture.

#46

Use different passwords for each of your online financial accounts; add

optional security questions whose answers cant be found in your Facebook or

LinkedIn profiles.

#47

Write down your passwords and hide them; tell one person where they are.

#48

Dont fight demographicsallocate a portion of your portfolio to health care

and biotech stocks.

#49

Diversify globallyto boost your portfolios risk-adjusted performance.

#50

Benjamin Graham: Speculation is neither illegal, immoral nor (for most

people) fattening to

the pocketbook.

#51

Cash in on companies with stealth dividendsmeaning stock buybacks.

#52

Diversify, but dont overdo it.

#53

Set investing rules for yourself thatblock impulsive decisions.

#54

Look beneath a funds name, with Morningstars Style Box and X-ray.

#55

Use softwareto track your asset allocation.

#56

Ask for a brokerage windowin your 401(k)an opening that allows you to

invest in any mutual fund and even individual stocks.

#57

Also On Forbes

12 Attractive Stocks For 2014 ThatPerformed Superbly In 2013
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Bond laddering is good, but diversifying your income investmentsis

important, too.

#58

Treasury Inflation-Protected Securities (TIPS) offer protection from inflation

not from rising interest rates.

#59

John Bogle: Time is your friend. Impulse is your enemy.

#60

Use salary increases toboost contributions to your 401(k).

#62

Defy conventional wisdom and increase your stock allocation after retirement.

#63

To make money in small-cap stocks, look for novel business methods and

niches, not the next blockbuster drug.

#64

Dont abdicate investment decisions to your spouse.

#65

Be suspiciousand investigate furtherwhen a corporation changes its

auditors.

#66

Carry a $2 million or bigger umbrella insurance policy to protect your wealth

from liability suits.

#67

Warren Buffett: Be fearful when others are greedy, and be greedy when

others are fearful.

#68Invest to meet goals, not to beat indexes.

#69

Clarify your own objectives by writing an Investment Policy Statement.

#70

Whenyou get restricted stock in a startup, make an 83(b) election; if the

company takes off, youll save big on taxes.

#71

Consider your marriage tax penalty (or bonus)before setting a wedding date.

#72

Aim to have five times your salary in your 401(k) and IRAs by age 55 and eight

times before you retire.

#73

Dan Ariely: If you cant save money, be really nice to your kids.

#74

Put peer-to-peer loansin your portfolio using sites like LendingClub.com for

monthly cash flow and yields of from 7% to 9%.

#75
http://www.forbes.com/forbes/2012/0625/investment-guide-12-peer-portfolio-lend-thy-neighbor.htmlhttp://www.forbes.com/sites/michaelnoer/2013/06/05/dan-ariely-why-money-is-the-oxygen-for-life/http://www.forbes.com/sites/baldwin/2013/10/01/formula-how-much-to-put-in-a-retirement-account/http://www.forbes.com/sites/kellyphillipserb/2013/11/01/saying-i-do-to-tax-planning/http://www.forbes.com/sites/robertwood/2013/11/07/twitter-ipo-tax-tips-worth-tweeting/http://www.forbes.com/sites/thebogleheadsview/2011/11/03/exploring-the-bogleheads-wiki-investment-policy-statement/http://www.forbes.com/pictures/eede45eidg/9-invest-to-meet-goals-not-beat-indexes/http://www.berkshirehathaway.com/letters/2006ltr.pdfhttp://www.forbes.com/sites/ashleaebeling/2012/03/05/the-1-fear-being-sued-but-shun-umbrella-insurance/http://www.forbes.com/sites/francinemckenna/2012/10/18/is-the-secs-ponzi-crusade-enabling-companies-to-cook-the-books-enron-style/http://www.forbes.com/sites/robertlaura/2013/02/26/the-dangers-of-letting-your-husband-make-all-the-investment-decisions/http://www.forbes.com/sites/baldwin/2013/08/14/finding-innovators-among-small-stocks/http://www.forbes.com/sites/laurashin/2013/10/21/the-counterintuitive-investing-trick-that-could-make-or-break-your-retirement/http://www.forbes.com/pictures/edei45elmh/save-your-annual-salary-increase/http://www.forbes.com/sites/janetnovack/2013/06/05/bogle-high-investment-costs-destroy-magic-of-compounding-returns/http://www.forbes.com/sites/investor/2013/11/18/three-bond-alternatives-to-fight-rising-interest-rates-and-inflation/http://www.forbes.com/sites/greatspeculations/2011/10/04/income-drivers-for-an-ugly-economy/


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Peter Lynch: Go for a business that any idiot can runbecause sooner or

later, any idiot is probably going to run it.

#76

Never take on a mortgage just for the tax deduction.

#77

Keep no more than $250,000 in any one bank.

#78

Buy an index fundweighted to fundamentals.

#79

Remain anonymous after winning the Powerballjackpot.

#80

Work for a charity for ten years and get your federal student debt forgiven.

#81

Beware personal finance guruspitching products.

#82

The most successful investorsspend many hours at it each day and have

passion and patience. There are no shortcuts.

#83

Warren Buffett: Diversification is protection against ignorance.

#84

Like Captain Kirk, have advisors from different planets.

#85

Before funding college accountsmake sure youre saving enough in your

retirement accounts.

#86To avoid a tax penalty, tap IRAs, not 401(k)s, to pay college tuition.

#87

Borrow from grandmaat 4% for grad school; Uncle Sams Graduate Plus loans

go for 6.41%.

#88

Marry a billionaire, or perhaps even more rewarding, divorce one.

#89

When buying a luxury condo, ignore superfluous amenitieslike massage

rooms and pet spas; they wont contribute to resale value.

#90

Add commercial real estateto your portfolio.

#91

Wait for inflation to risebefore buying TIPS.

#92

Howard Marks: Rule number one: Most things will prove to be cyclical. Rule

number two: Some of the greatest opportunities for gain and loss come when

other people forget rule number one.
http://www.forbes.com/sites/moneybuilder/2013/05/28/book-review-billionaire-howard-marks-the-most-important-thing-illuminated/http://www.forbes.com/forbes/2011/0808/investing-corporate-bonds-abroad-cutwater-trouble-tips.html/http://www.forbes.com/sites/ashleaebeling/2012/11/21/buying-main-street-time-to-add-commercial-real-estate-to-your-portfolio/http://www.forbes.com/sites/vanessagrout/2013/10/16/9-amenities-luxury-condo-buyers-should-ignore/http://www.forbes.com/sites/robertwood/2013/03/25/tax-bite-on-oil-billionaire-harold-hamms-record-5b-divorce/http://www.forbes.com/sites/edwindurgy/2013/03/06/the-worlds-12-most-eligible-billionaire-bachelors/http://www.forbes.com/sites/ashleaebeling/2011/11/16/student-debt-burden-can-be-eased-with-family-loans/http://www.forbes.com/pictures/mjd45kkhi/pay-for-college-from-an-ira/http://www.forbes.com/sites/janetnovack/2011/09/14/another-reason-you-shouldnt-be-saving-for-college/http://www.forbes.com/sites/alexknapp/2012/03/05/five-leadership-lessons-from-james-t-kirk/http://www.forbes.com/pictures/eede45eidg/2-diversification-wont-protect-you/http://www.forbes.com/sites/schifrin/2011/09/02/pearls-of-wisdom-from-the-warren-buffetts-next-door/http://www.forbes.com/sites/johnwasik/2013/02/28/poking-personal-finance-gurus-in-the-eye/http://www.forbes.com/sites/maggiemcgrath/2013/09/30/5-things-you-need-to-do-with-your-student-loans-right-now/http://www.forbes.com/sites/deborahljacobs/2012/02/11/10-things-to-do-when-you-win-the-powerball/http://www.forbes.com/sites/tomanderson/2013/06/05/has-rob-arnott-built-a-better-index-fund/http://www.forbes.com/sites/financialfinesse/2012/12/05/10-special-financial-tips-for-high-income-earners/http://www.forbes.com/sites/kellyphillipserb/2013/09/27/11-reasons-why-i-never-want-to-own-a-house-again/http://www.investopedia.com/university/greatest/peterlynch.asp#axzz2NNdqY05a


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#93

Before remarriage, discuss estate plans.

#94

Track gambling losses to offset taxable gambling winnings.

#95

Confess any tax crimes to a lawyer, not a CPA.

#96

Deduct your yacht loanas mortgage interest on a second home.

#97

Dont do deals between yourself and your own IRA.

#98

Dont roll your old 401(k) into an IRAif you might face a lawsuit.

#99

When creating a trust or family limited partnership for asset protection, dont

give it your own nameor one obviously identified with you.

#100

Profit from stock market volatility: Buy into a VIX futures fund and use wild,

seemingly irrational swings as buying opportunities.

#101

Gary Shilling: The market can remain irrational longer than you can remain

solvent.

#102

Beware dividend trapsfat payouts supported by declining cash flow.

#103

Bet against weak currencies, like George Soros.

#104

Back up your financial recordsusing a secure cloud service.

#105

Before investing in your own states 529, compare its fees and tax breaks to

New Yorks rock-bottom cost plan.

#106

Buy lienson homes of real estate tax deadbeats.

#107

Know thyself: Read books like Dan ArielysPredictably Irrationaland Your

Money & Your Brainby Jason Zweig.

#108

Learn a lessonfrom each stock-picking mistake.

#109

Julian Robertson: Buy into forgotten markets.

#110

Join an angel investingclub.

#111
http://www.forbes.com/sites/miguelforbes/2013/01/29/the-art-of-angel-investing/http://www.forbes.com/sites/schifrin/2013/06/05/julian-robertson-hedge-funds-are-the-antithesis-of-baseball/http://books.google.com/books?id=ClSz98q0C7MC&pg=PA123&lpg=PA123&dq=christopher+davis+and+mistake+wall&source=bl&ots=H3e730KtCZ&sig=GdUIM5IRVPfrZG7NwVYgg2uUfVE&hl=en&sa=X&ei=dndIUfDsC-iy2gXlmYDwBA&ved=0CDAQ6AEwAA#v=onepage&q=christopher%20davis%20and%20mistake%20wall&f=falsehttp://www.amazon.com/Your-Money-Brain-Neuroeconomics-ebook/dp/B000SEPIGE/ref=dp_kinw_strp_1http://www.amazon.com/Predictably-Irrational-Revised-Expanded-Decisions-ebook/dp/B002C949KE/ref=sr_1_1?s=digital-text&ie=UTF8&qid=1385508783&sr=1-1&keywords=Predictably+Irrationalhttp://www.forbes.com/sites/morganbrennan/2012/11/26/vulture-investing-what-you-need-to-know-before-bidding-for-tax-liens/http://www.forbes.com/sites/baldwin/2013/10/29/formula-which-529-plan-is-best/http://www.forbes.com/sites/kellyphillipserb/2013/07/05/extreme-weather-serves-up-important-reminders-to-taxpayers/http://www.forbes.com/sites/johndobosz/2012/02/22/trade-currencies-like-soros/http://www.forbes.com/sites/schifrin/2011/09/02/pearls-of-wisdom-from-the-warren-buffetts-next-door/http://quoteinvestigator.com/tag/a-gary-shilling/http://www.forbes.com/pictures/eede45eidg/5-learn-to-profit-from-volatility/http://www.forbes.com/sites/jayadkisson/2012/01/30/in-naming-trusts-and-entities-quit-using-the-clients-name/http://www.forbes.com/sites/financialfinesse/2013/01/24/7-reasons-not-to-roll-your-orphan-401k-to-an-ira/http://www.forbes.com/sites/deborahljacobs/2012/06/06/how-to-invest-your-ira-in-real-estate-gold-and-alternative-assets/http://www.forbes.com/sites/kellyphillipserb/2012/06/06/15-ways-to-turn-your-bucket-list-into-a-tax-deduction/http://www.forbes.com/sites/robertwood/2012/10/28/neat-trick-attorney-client-privilege-from-an-accountant/http://www.forbes.com/sites/kellyphillipserb/2013/02/03/pay-taxes-on-your-super-bowl-xlvii-winnings-you-can-bet-on-it/http://www.forbes.com/sites/janetnovack/2012/10/14/the-forbes-guide-to-estate-planning/


8/25



Keep your own entrepreneurial options open by refusing to sign onerous

noncompete agreements.

#112

Buy stocks of companies still controlled by their billionaire founders.

#113

Leon Black: Do your homework, but still dont bet the ranch.

#114

Louis Bacon: As a speculator you must embrace disorder and chaos.

#115

Almost all great value investorslook for market anomalies or disconnects that

they can exploit.

#116

Warren Buffett: Big opportunities come infrequently. When its raining gold,

reach for a bucket, not a thimble.

#117

Always keep some investment powder dry.

#118

Allocate investments against your life risks.

#119

Andrew Tobias: A penny saved is two (pretax) pennies earned.

#120

Deduct losses from your sideline/hobbyby bunching your expenses and

showing a small profit in 3 of 5 years.

#121

Postpone real estate gains tax with a 1031 exchange.

#122

Qualify as a real estate professionalto save big on taxes.

#123

Be leery of investments sold for tax savings.

#124

Burton Malkiel: Start saving now, not later: Time is money.

#125

Before making a big discretionary purchase, calculate future costwhat the

dollars youre spending could grow to if invested for 20 or 30 years.

#126

Read How to Make Money in Stocks byWilliam J. ONeil.

#127

Buy designer goods at consignment shops; when you get bored with them, sell

for a profit on eBay.

#128

Discuss any prenuptial agreementway in advance of your wedding.

#129
http://www.forbes.com/sites/deborahljacobs/2012/05/20/mark-zuckerberg-ties-the-knot-but-it-isnt-all-love-and-roses/http://www.forbes.com/sites/deborahljacobs/2012/11/23/luxury-for-less-new-web-sites-and-shops-offer-gently-used-designer-goods/http://www.forbes.com/2009/02/23/oneil-ibd-canslim-personal-finance_william_oneil.htmlhttp://www.forbes.com/sites/janetnovack/2013/06/05/financial-goal-for-your-twenties-make-no-big-mistakes/http://www.amazon.com/Random-Walk-Guide-Investing/dp/039332639Xhttp://www.forbes.com/sites/timmaurer/2012/05/24/5-tax-myths-debunked/2/http://www.forbes.com/sites/janetnovack/2013/03/26/how-real-estate-investors-can-protect-themselves-from-the-irs/http://www.forbes.com/sites/robertwood/2011/03/02/dont-foul-up-your-1031-exchange/http://www.forbes.com/sites/robertwood/2012/08/16/five-tips-to-make-your-hobby-tax-deductible/http://www.amazon.com/Only-Investment-Guide-Youll-Ever/dp/0547447256/ref=sr_1_1?s=books&ie=UTF8&qid=1365117892&sr=1-1&keywords=andrew+tobias+investmenthttp://www.forbes.com/forbes/2010/1206/investment-guide-asset-allocation-mortgage-401k-rethink-risk.htmlhttp://www.forbes.com/pictures/eede45eidg/16-always-keep-some-power-dry-hold-cash/http://www.berkshirehathaway.com/letters/2009ltr.pdfhttp://www.forbes.com/sites/schifrin/2011/09/02/pearls-of-wisdom-from-the-warren-buffetts-next-door/http://www.forbes.com/global/2004/1220/072.htmlhttp://www.forbes.com/sites/schifrin/2013/06/05/leon-black-seek-action-and-smart-people/http://www.forbes.com/sites/janetnovack/2012/03/20/you-can-get-richer-investing-in-a-forbes-billionaires-index-profs-conclude/http://www.forbes.com/sites/deborahljacobs/2011/11/02/how-to-play-your-hand-when-youve-been-fired/


9/25



Hell hath no fury. Never cheat on your taxes and your spouse at the same

timeexes are a big source of IRS leads.

#130

Dont buy a large amount of a thinly traded stockall at once.

#131

Buy and hold at your own risk.

#133

Dont be afraid tobuy into strength.

#134

Its okay to chase performancesometimes.

#135

Burton Malkiel: In the stock market, past is not prologue.

#136

Start a 529 college savings plan for yourselfbefore you have children. If you

dont use it for graduate school, transfer it to your kid.

#137

Make your kid rich by helping him fund a Roth IRA.

#138

Deplete Juniors UTMAyou can spend it on a laptop, camps, private school

and tutoringbefore applying for college financial aid.

#139

Reduce your student loan interest ratewith auto debit.

#140

Julian Robertson: Suggest your kid take an accounting courseIt was the

course that helped me more than anything.

#141

Robert Shiller: If you want to get rich, go into finance or a related field.

Finance is the technology for making things happen.

#142

Identify companies that gouge youyet keep your business. Buy them.

#143

Buy stocks like socksgood quality on sale.

#144

Buy into big ideasjust like a global macro hedge fund for as little as $1,000 to

start.

#145

Use limit orderswhen buying small-company stocks with low trading volume.

#146

Dont leave it all in the dollar. Invest globally for currency diversification.

#147

Dollar-cost averagethe whole stock market.

#148
http://www.forbes.com/sites/baldwin/2012/10/18/how-to-turn-400000-into-1-7-million/http://www.forbes.com/sites/kenfisher/2013/02/13/debunking-5-common-investor-dilemmas/http://www.forbes.com/sites/baldwin/2010/12/10/ten-tactics-for-traders/2/http://www.forbes.com/sites/schifrin/2012/06/03/how-to-profit-like-soros-for-only-1000/http://www.amazon.com/Your-Money-Brain-Neuroeconomics-ebook/dp/B000SEPIGE/ref=dp_kinw_strp_1http://www.forbes.com/sites/baldwin/2012/06/28/make-money-on-companies-that-gouge-you/http://www.forbes.com/sites/schifrin/2013/06/05/robert-shiller-the-american-dream-is-a-fallacy/http://www.forbes.com/sites/schifrin/2013/06/05/julian-robertson-hedge-funds-are-the-antithesis-of-baseball/http://www.forbes.com/sites/janetnovack/2012/05/11/the-college-graduates-guide-to-managing-money-and-debt/http://www.forbes.com/sites/baldwin/2013/02/28/using-utma-and-ugma-accounts-for-college/http://www.forbes.com/sites/baldwin/2011/04/18/make-your-kid-rich-with-a-roth-ira/http://www.forbes.com/sites/baldwin/2013/10/09/unborn-children-and-the-college-tax-dodge/http://www.amazon.com/Random-Walk-Guide-Investing/dp/039332639Xhttp://www.forbes.com/pictures/eede45eidg/17-its-ok-to-chase-performance-sometimes/http://www.forbes.com/sites/investor/2013/07/12/dont-be-afraid-to-buy-into-strength/http://www.forbes.com/pictures/eede45eidg/1-buy-and-hold-at-your-own-risk/http://www.forbes.com/sites/baldwin/2010/12/10/ten-tactics-for-traders/2/http://www.forbes.com/pictures/mjd45eeeee/anger-an-ex-business-partner-employee-or-spouse-11/


10/25



Buy companies with high ratios of gross profits-to-total assets.

#149

John Neff: Buy on the cannons and sell on the trumpets.

#150

Monitor your individual stocks; set a Google news alert andwatch for signs of

possible trouble.

#151

Bone up on risk parity diversification.

#152

Always know how a financial advisor is getting paid and what if any

commissions shell earn.

#153

Watch out for paid shills at investment seminars.

#154

Ken Fisher: You know who didnt have bad years? Bernard Madoffuntil he

got caught.

#155

Buy a retirement annuity cheap by delaying Social Security until 70.

#156

If you need to tap retirement cash early, study up on the exceptions that let

you avoid a 10% penalty, including taking substantially equal periodic

payments.

#157

Burton Malkiel: Tune out the financial TV channels. Watch the cooking

channel or the gardening channel if you want useful advice.

#158Warren Buffett: Returns decrease as motion increases.

#159

Ron Baron: Dont waste your time short-selling. Show me the short-sellers

yachts.

#160

If you earn too much to contribute to a Roth IRA, fund a nondeductible IRA

and convert it.

#161

If divorcing, get a QDRO from the court that allows you to split retirementassets without owing immediate tax.

#162

Claim theAmerican Opportunity Tax Creditfor your kids collegeif youre

eligible.

#163

Dont make multiple $9,900 bank depositsthe government might seize your

money and keep it on the grounds youre trying to skirt anti-money-

laundering laws.

#164
http://www.forbes.com/forbes/2008/0407/038.htmlhttp://www.forbes.com/sites/troyonink/2013/01/16/american-opportunity-tax-credit-pay-for-college-and-pay-less-tax/http://www.forbes.com/sites/jefflanders/2012/06/13/how-divorcing-women-should-handle-retirement-accounts-and-pension-plans/http://www.forbes.com/sites/ashleaebeling/2012/01/20/the-serial-backdoor-roth-a-tax-free-retirement-kitty/http://www.forbes.com/sites/schifrin/2013/06/05/ron-baron-short-sellers-yacht-no-east-hampton-mansion-yes/http://www.berkshirehathaway.com/letters/2005ltr.pdfhttp://www.amazon.com/Random-Walk-Guide-Investing/dp/039332639Xhttp://www.forbes.com/sites/janetnovack/2013/01/15/11-ways-to-tap-retirement-cash-early-without-a-10-penalty/http://www.forbes.com/sites/janetnovack/2011/02/15/the-big-decision-when-to-take-social-security/http://www.forbes.com/2010/11/03/billionaire-ken-fisher-entrepreneurs-investment-advice-secrets-self-made-10-fisher.htmlhttp://www.forbes.com/forbes/2010/0628/investment-guide-new-mexico-ponzi-vaughan-mini-madoff-case.htmlhttp://www.forbes.com/sites/janetnovack/2013/09/20/6-pointed-questions-to-ask-before-hiring-a-financial-advisor/http://www.forbes.com/forbes/2012/0507/investing-risk-stocks-wealth-wringing-volatility-out-of-returns.htmlhttp://www.forbes.com/sites/francinemckenna/2012/10/18/is-the-secs-ponzi-crusade-enabling-companies-to-cook-the-books-enron-style/3/http://www.amazon.com/dp/0471417920http://rnm.simon.rochester.edu/research/OSoV.pdf


11/25



Do abond fund swapto harvest tax losses.

#165

Gain fundingand a marketon Kickstarter.

#166

Barry Ritholtz: Never confuse investing with trading.

#167

Dont let the tax tail wag the investment dog.

#168

Hold illiquid assets in a Roth IRA, not a regular IRA.

#169

Be like Peter Thiel and put hot startup stock in a Roth IRA to make all gains

tax free.

#170

Learn about your fiancs debts,before you walk down the aisle.

#171

Beware high-yield investments pitched as being like a bank CD.

#172

Watch out for stock hoaxes on Twitter.

#173

Be leery of pitches involving a self-directed IRA.

#174

Benjamin Graham: It is absurd to think that the general public can ever make

money out of market forecasts. For who will buy when the general public, at a

given signal, rushes to sell out at a profit?

#175Avoid sudden lifestyle changes after a windfall.

#176

Automatically divert money from your paycheck into savings to the point

where it hurts.

#177

Retire to a placewithout state estate or inheritance taxes.

#178

Benefit from 20/20 stock market hindsight by reversing a Roth conversionif

stocks tank.

#179

Donald Trump: Sometimes your best investments are the ones you dont

make.

#180

Ben Stein: Dont move into a neighborhood of poverty. Avoid any situation

that could leave you with too much unsecured debt.

#181

Get an entrepreneur mentor from SCORE, an organization of retired business

folks.
http://www.forbes.com/forbes/2012/0625/investment-guide-12-feature-juliette-bench-retail-footwear-friends-and-family-plan.htmlhttp://www.forbes.com/sites/schifrin/2013/06/05/ben-stein-staying-out-of-bad-money-neighborhoods/http://books.google.com/books/about/Trump_The_Art_of_the_Deal.html?id=Ye6e_VxM00kChttp://www.forbes.com/sites/deborahljacobs/2011/10/04/deadline-looms-to-cure-ira-remorse/http://www.forbes.com/sites/ashleaebeling/2013/11/01/where-not-to-die-in-2014-the-changing-wealth-tax-landscape/http://www.forbes.com/sites/mitchelltuchman/2012/11/27/retirement-savings-plan-reality-save-more/http://www.forbes.com/sites/deborahljacobs/2012/02/11/10-things-to-do-when-you-win-the-powerball/http://thoughts.forbes.com/thoughts/quotes/money?p=4http://www.forbes.com/sites/deborahljacobs/2013/10/18/how-to-get-the-most-bang-for-your-ira-buck/http://www.forbes.com/sites/johnwasik/2013/06/28/pump-and-dump-schemes-resurface-in-social-media/http://www.forbes.com/sites/johnwasik/2012/06/07/investors-who-buy-pensions-are-buying-trouble/http://www.forbes.com/sites/jennagoudreau/2011/11/03/financial-checklist-before-getting-married/http://www.forbes.com/sites/deborahljacobs/2012/03/20/how-facebook-billionaires-dodge-mega-millions-in-taxes/http://www.forbes.com/sites/deborahljacobs/2012/06/06/how-to-invest-your-ira-in-real-estate-gold-and-alternative-assets/http://www.forbes.com/sites/janetnovack/2013/06/05/dont-let-fear-of-taxes-or-irs-audits-destroy-your-wealth/http://www.washingtonpost.com/business/a-crucial-investing-question-do-you-know-your-time-frame/2013/03/21/7cab9aae-91a0-11e2-bdea-e32ad90da239_story.htmlhttp://www.forbes.com/sites/zackomalleygreenburg/2012/06/06/why-its-never-been-easier-to-be-a-successful-inventor/http://www.forbes.com/sites/baldwin/2013/11/01/10-year-end-tax-strategies/


12/25



#182

Tap your ethnic communityfor business funding.

#183

To get the best effort and thinking from employees in your startup, give them

stock options.

#184

Like Spanxs Sara Blakely, solve an irritating problem.

#185

Larry Page: It is often easier to make progress on mega-ambitious dreams.

Since no one else is crazy enough to do it, you have little competition.

#186

Dontblindly rely on a target date fundin your 401(k).

#187

Dont let your advisor manage you.

#188

Dont rely on regulators to protect you from financial fraud.

#189

Warren Buffett: What is smart at one price is dumb at another.

#190

With large-cap stocks, focus more on cash flowthan earnings.

#191

Strong stocks tend to stay that way. Buy high and sell higher.

#192

Dont let family wealth become a curseon your children.

#193Start your kid at the bottomof your business.

#194

Read Common Stocks and Uncommon Profitsby Philip A. Fisher.

#195

Buy a gift annuityfrom your alma mater.

#196

John Neff: When you feel like bragging, its probably time to sell.

#197

Mine your closet for eBay gold.

#198

Mineyour networkfor investment ideas.

#199

Warren Buffett: The risks of being out of the game are huge compared to the

risks of being in it.

#200

Sell put optionslike Warren Buffett does.

#201
http://www.forbes.com/forbes/2012/0806/investing-crash-insurance-spdr-make-money-from-fear.htmlhttp://www.berkshirehathaway.com/letters/2012ltr.pdfhttp://www.forbes.com/pictures/eede45eidg/10-mine-your-network-for-ideas/http://www.forbes.com/sites/deborahljacobs/2012/12/11/how-to-turn-your-closet-into-an-ebay-gold-mine/http://www.investopedia.com/university/greatest/johnneff.asp#ixzz2NNhcqR9Ihttp://www.forbes.com/sites/baldwin/2012/06/06/does-a-charitable-gift-annuity-make-tax-sense-for-you/http://www.amazon.com/Uncommon-Profits-Writings-Investment-Classics/dp/0471445509/ref=sr_1_1?ie=UTF8&qid=1385513091&sr=8-1&keywords=Common+Stocks+and+Uncommon+Profits+by+Philip+A.+Fisherhttp://www.forbes.com/sites/tompost/2013/05/21/carl-icahn-on-how-to-bring-your-kids-into-the-business/http://www.forbes.com/sites/deborahljacobs/2013/03/01/why-family-wealth-is-a-curse/http://www.forbes.com/2009/08/28/high-relative-strength-personal-finance-investing-ideas-the-chartist.htmlhttp://www.forbes.com/sites/kenfisher/2013/02/13/debunking-5-common-investor-dilemmas/http://www.berkshirehathaway.com/letters/2011ltr.pdfhttp://www.forbes.com/sites/johnwasik/2012/07/25/swindle-alert-how-to-protect-against-financial-fraud/http://www.forbes.com/pictures/eede45eidg/11-manage-your-financial-advisor/http://www.forbes.com/sites/janetnovack/2012/06/27/target-date-funds-devour-nations-401ks-disney-or-hitchcock/http://www.forbes.com/pictures/eimh45ehjl/larry-page-tackle-big-dreams-theres-no-competition/http://www.forbes.com/sites/clareoconnor/2012/04/02/top-five-startup-tips-from-spanx-billionaire-sara-blakely/2/http://www.forbes.com/sites/meghancasserly/2013/03/08/understanding-employee-equity-bill-harris-sxsw/http://www.forbes.com/sites/monteburke/2012/06/06/the-ultimate-neighborhood-bank/


13/25



Buy stocks when a magazine cover declares The Death of Equities.

#202

Dont count on an inheritance. If you get one, dont blow it.

#203

Leon Cooperman: Getting rich takes hard work, a passion for what you do

and luck.

#204

If you win the Powerball jackpot, hire a tax advisorbefore making any

decisions.

#205

Hunt down pensionsfrom old employers.

#206

If youre 50 or older, with substantial self-employment income, use a custom-

designed defined benefit planto shelter $100,000 a year or more from tax.

#207

Max out your 401(k) contributions: In 2014you can contribute $17,500, or

$23,000 if youre 50-plus.

#208

If your marriage is shaky, make a copy of all financial documents.

#209

If your spouse is shady, file separate tax returns.

#210

Burton Malkiel: Never buy anything from someone who is out of breath.

#211

Knowwhen to fireyour financial advisor.

#212

Be skeptical of principal protected productsask how much is guaranteed

and at what cost.

#213

Be wary of companies that have gone public in reverse mergers.

#214

Low-priced stocksarent necessarily cheap.

#215

Make sure a stocks dividends are less than its cash flowand likely to remain

that way.

#216

Warren Buffett: Risk comes from not knowing what youre doing.

#217

Beware unlisted REITs.

#218

Save remodeling receiptsto add to your homes basis and cut gains taxes when

you sell.
http://www.forbes.com/sites/kellyphillipserb/2012/03/12/taxes-from-a-to-z-h-is-for-home-improvements/http://www.forbes.com/sites/johnwasik/2013/02/14/top-investment-traps-a-to-do-list-for-sec-enforcement/http://www.forbes.com/sites/chrisbarth/2011/07/07/cant-invest-like-warren-buffett/http://www.forbes.com/sites/johndobosz/2013/09/25/10-ratios-to-make-you-money-in-stocks/2/http://www.forbes.com/sites/greatspeculations/2013/10/07/low-priced-stocks-bring-higher-risk-and-reward/http://www.forbes.com/pictures/efik45ejedd/a-stock-went-public-in-a-reverse-merger/http://www.forbes.com/sites/johnwasik/2013/11/18/principal-protection-pitfalls-six-questions-to-ask/http://www.forbes.com/pictures/ehjd45ejmd/is-it-time-to-break-up/http://www.amazon.com/Random-Walk-Guide-Investing/dp/039332639Xhttp://www.forbes.com/forbes/2011/0627/money-guide-11-tax-joint-return-irs-wedding-marriage-trap.htmlhttp://www.forbes.com/sites/jefflanders/2013/03/26/what-are-the-financial-and-legal-advantages-of-being-first-to-file-for-divorce/http://www.forbes.com/sites/ashleaebeling/2013/11/01/irs-announces-2014-retirement-plan-contribution-limits-for-401ks-and-more/http://www.forbes.com/sites/ashleaebeling/2013/02/13/how-entrepreneurs-can-get-big-tax-breaks-for-retirement-savings/http://www.forbes.com/forbes/2011/0411/retirement-defined-benefit-pbgc-erisa-pension-hunting.htmlhttp://www.forbes.com/sites/janetnovack/2013/03/23/tax-on-320-million-powerball-jackpot-millions-more-than-in-2012/http://www.forbes.com/sites/schifrin/2013/06/05/leon-cooperman-there-are-lots-of-horses-asses-to-bet-against/http://www.forbes.com/2011/02/15/baby-boomers-retirement-how-to-make-the-most-of-your-inheritance.htmlhttp://www.businessinsider.com/death-of-equities-revisited-2012-8


14/25



#219

Buy no more housethan you can afford.

#220

Dont accept a high property tax assessment of your homeyou can appeal

and talk it down.

#221

Dont assume you should buy a house. Start by calculating rent-versus-buy

costsfor homes in your market.

#222

If you have no time for complexity, diversify your portfolio withjust three

mutual funds.

#223

Buy a deferred fixed annuityto make sure you dont outlive your money.

#224

Build your ownersatz retirement annuity with savings bonds.

#225

Boost incomewith closed-end, covered call funds.

#226

Burton Malkiel: Trust in time, rather than timing.

#227

Delay retirement as long as you can.

#228

But dont assume in your planning that you can work full-time until 70.

#229

Compare insurance costs before choosing a new car model.

#230

Then go shopping for that model at months end.

#231

To save even more, dont own a car, share one.

#232

Hold actively managed mutual fundsthe kind that pass on the most-short-

term gainsin tax-deferredretirement accounts.

#233

Hold real estate in your IRAbut carefully.

#234

Dont let the groupthink of investment clubscloud rational investment

analysis.

#235

Warren Buffett: Diversification is a protection against ignorance.

#236

Follow top money-manager moves. Even the great investors piggyback on

other smart investors.
http://www.forbes.com/sites/schifrin/2011/09/02/pearls-of-wisdom-from-the-warren-buffetts-next-door/3/http://www.forbes.com/pictures/eede45eidg/2-diversification-wont-protect-you/http://www.forbes.com/2010/06/10/investor-stocks-behavioral-finance-personal-finance-odean_slide_11.htmlhttp://www.forbes.com/sites/deborahljacobs/2012/06/06/how-to-invest-your-ira-in-real-estate-gold-and-alternative-assets/http://www.forbes.com/forbes/2011/0808/investing-william-baldwin-investment-strategies-location.htmlhttp://www.forbes.com/sites/tomiogeron/2013/01/23/airbnb-and-the-unstoppable-rise-of-the-share-economy/http://www.forbes.com/sites/nextavenue/2013/02/28/11-ways-women-can-save-money-on-a-new-car/http://www.forbes.com/sites/jimgorzelany/2013/01/14/the-cheapest-and-most-expensive-2013-cars-to-insure/http://www.forbes.com/sites/janetnovack/2011/04/06/betty-white-joan-rivers-social-security-and-senior-slackers/http://www.forbes.com/sites/carolynmcclanahan/2012/12/05/the-fallacy-of-saving-for-traditional-retirement/http://www.amazon.com/Random-Walk-Guide-Investing/dp/039332639Xhttp://www.forbes.com/sites/baldwin/2011/11/16/ten-ways-to-get-income-in-retirement/http://www.forbes.com/sites/thebogleheadsview/2013/03/01/build-your-own-annuity/http://www.forbes.com/sites/baldwin/2013/02/13/a-10-annual-payout-for-retirees/http://www.forbes.com/sites/thebogleheadsview/2011/01/28/three-funds-to-own-now/http://www.forbes.com/sites/trulia/2013/03/20/rentvsbuy-winter2013/http://www.forbes.com/forbes/2011/0627/money-guide-11-real-estate-homeowners-taxes-talking-down-house.htmlhttp://www.forbes.com/sites/learnvest/2013/03/14/how-i-bought-a-house-at-21-and-why-it-was-a-mistake/


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#237

David Dreman: The time to buy is when theres blood on the streets.

#238

Beware superstar CEOswith weak boards.

#239

Compare benefits (including options)before switching jobs.

#240

Find out howyour 401(k) ratesat BrightScope.com; if expenses are high or

fund choices poor, lobby for a better plan.

#241

Dont give Uncle Sam an interest-free loan; adjust your withholdingso you

dont overpay your taxes.

#242

Even if you cant pay, file your tax return.

#243

Take a cue from Mark Zuckerberg: Get maximum tax savings for your

charitable buck by giving appreciated assets to a donor-advised fundorsupporting organization.

#244

Read Market Wizardsand The New Market Wizardsby Jack D. Schwager.

#245

Warren Buffett: Time is the friend of the wonderful business, the enemy of

the mediocre.

#246

Dont chase yesterdays winnersunless theyre still winning.

#247Purchase own occupation disability insurance.

#248

Remember that market underperformancejust like costscompounds.

#249

Ramit Sethi: Set up systems to automate desired behaviors. Leave your gym

clothes at the foot of your bed. Have contributions to savings automatically

deducted.

#250

Open a spousal IRA for a stay-at-home husband or wife.

#251

If you work from home, get a rider on your homeowners insurance policyto

protect you if the FedEx man slips.

#252

To maximize college aid, make Roth 401(k) contributions, not pretax ones,

while your kids are in college.

#253

Like Warren Buffett, make concentrated bets in stocksthat you have high

confidence in.
http://www.forbes.com/sites/schifrin/2013/06/05/bruce-greenwald-get-your-hands-on-somebody-elses-money/http://www.forbes.com/sites/baldwin/2013/02/28/college-savings-versus-retirement-savings/http://www.forbes.com/forbes/2010/0628/investment-guide-casualty-insurance-homeowners-save-thousands.htmlhttp://www.forbes.com/sites/advisor/2011/05/31/4-ways-to-make-ira-contributions-without-a-job/http://www.forbes.com/sites/schifrin/2013/06/05/ramit-sethi-how-to-force-yourself-to-go-to-the-gym/http://www.forbes.com/sites/janetnovack/2013/09/10/10-tough-lessons-for-retirement-and-college-savers/http://www.forbes.com/sites/timmaurer/2012/04/26/the-most-complex-personal-insurance-products-explained-part-1-disability/http://www.forbes.com/2009/02/23/oneil-ibd-canslim-personal-finance_william_oneil.htmlhttp://www.berkshirehathaway.com/letters/1989.htmlhttp://www.amazon.com/The-New-Market-Wizards-Conversations/dp/0887306675/ref=sr_1_1?ie=UTF8&qid=1385514815&sr=8-1&keywords=market+Wizards+and+The+New+Market+Wizardshttp://www.amazon.com/Market-Wizards-Updated-Interviews-Traders/dp/1118273052/ref=sr_1_3?ie=UTF8&qid=1385514815&sr=8-3&keywords=market+Wizards+and+The+New+Market+Wizardshttp://www.forbes.com/sites/ashleaebeling/2013/11/25/charity-choice-when-donor-advised-funds-trump-private-foundations/http://www.forbes.com/sites/robertwood/2013/03/19/tax-lessons-from-fighter-nick-diaz/http://www.forbes.com/sites/advisor/2011/05/17/adjusting-your-withholding-and-estimated-tax-payments/http://www.forbes.com/sites/janetnovack/2013/09/10/10-tough-lessons-for-retirement-and-college-savers/http://www.forbes.com/sites/financialfinesse/2013/01/17/ready-to-jump-ship-five-financial-benefits-to-compare-before-you-go/http://www.anderson.ucla.edu/Documents/areas/fac/finance/super_ceo.pdfhttp://www.investopedia.com/university/greatest/daviddreman.asp#ixzz2NNh1mGP9


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#254

Live dangerously; invest your emergency fund instead of keeping it in cash.

#255

Barry Sternlicht: Study outliers rather than eliminate them. You can learn

everything there

is to know about the industry or the player from the company that is

performing better or worse.

#256Dont wait until expiration. Always look tobuy back cheap options.

#257

Most stock market gains since 1950 have occurred in the November-April

period.

#258

Over the long run, small-cap stocks have outperformedbig blue chips.

#259

Take only calculated risks on the smallest Pink Sheet stocks.

#260Move inherited IRAsfrom trustee to trustee only.

#261

Name primary and contingent IRA beneficiariesso your heirs can enjoy the

maximum years of tax deferral.

#262

Maximize your Social Securityusing a couples claiming strategy.

#263

Open all mail from the IRS.

#264Dont cheat the IRS and your business partnerat the same time.

#265

Never ignore a 1099, even if its wrongthe IRS wont.

#266

Dont lieto your tax pro.

#267

After you hit 70, take the required minimum distributions(RMD) each year

from your traditional IRAs or face near-confiscatory tax penalties.

#268

If you dont need your RMD, consider rolling it directlyto a charity.

#269

Sign a living will, health care proxy and power of attorney, even if youre still

healthy.

#270

Get a will. What happens to property if someone dies without one (intestate)

varies by state and might not be what you would want.

#272
http://www.forbes.com/sites/janetnovack/2012/10/14/the-forbes-guide-to-estate-planning/http://www.forbes.com/sites/deborahljacobs/2011/09/26/sign-a-healthcare-proxy-living-will-and-power-of-attorney-2/http://www.forbes.com/sites/deborahljacobs/2013/11/01/the-dollars-and-sense-of-giving-ira-assets-to-charity/http://www.forbes.com/sites/deborahljacobs/2011/11/25/ira-owners-and-inheritors-must-take-money-out-now/http://www.forbes.com/sites/kellyphillipserb/2012/07/13/my-best-tax-advice-ever-part-iv-dont-lie-to-me/http://www.forbes.com/sites/robertwood/2013/02/08/irs-drone-strike-form-1099/http://www.forbes.com/pictures/mjd45lijk/anger-an-ex-business-partner-employee-or-spouse-5/http://www.forbes.com/sites/kellyphillipserb/2012/01/05/my-best-tax-advice-ever-part-i-open-your-mail/http://www.forbes.com/sites/janetnovack/2011/02/15/the-big-decision-when-to-take-social-security/http://www.theslottreport.com/2013/02/beneficiary-form-review-gift-that-keeps.htmlhttp://www.forbes.com/sites/advisor/2011/06/28/7-mistakes-with-stretch-iras/http://www.forbes.com/sites/baldwin/2012/12/10/o-t-c-trading-for-experienced-investors/http://www.forbes.com/sites/investor/2013/05/08/4-small-caps-that-still-have-bite/http://www.forbes.com/sites/johndobosz/2011/10/28/heading-into-november-stocks-feel-fine/http://www.forbes.com/forbes/2010/1206/investment-guide-buffetts-next-door-matt-schifrin-get-naked.htmlhttp://www.forbes.com/sites/schifrin/2013/06/05/barry-sternlicht-dont-ignore-outliers/http://www.forbes.com/sites/baldwin/2011/11/30/live-dangerously/


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Warren Buffett: No matter how serene today may be, tomorrow is always

uncertain.

#273

Insure your home for its replacement value; buy flood insurance if theres a

risk of water damage.

#274

Scan in your tax records, and keep a copy on the cloud or on an external drive

at work; fires and floods happen.

#275

Keepbusiness and personal expenses separate.

#276

Maintain at least some financial accounts separate from your spouses.

#277

Peter Lynch: Know what you own and know why you own it.

#278

Have your kid read The Little Book That Beats the Marketby Joel Greenblatt.

#279

Dont fall for cheap stocksthat are really worth even less.

#280

Read the classic Where Are the Customers Yachts?by Fred Schwed Jr.

#281

Run from a pitchman guaranteeing high returns.

#282

Benjamin Graham: Speculate only with a separate small portion of your

capital.

#283

Snitch on tax cheats and collect a multimillion-dollar IRS whistle-blower

award.

#284

Learn what behavioral economists have found about self-destructive investor

behaviorso you can try to avoid these common and expensive mistakes.

#285

Understand the risks of using leverage and inverse ETFs, which rebalance

assets daily.

#286

Benjamin Graham: Every nonprofessional who operates on margin is ipso

facto speculating.

#287

Register for Medicare at 65, even if youre still covered by your workplace

insurance, to avoid having to pay a penalty later.

#288

Rob Arnott: No strategy can make up for inadequate savings or premature

retirement.
http://www.researchaffiliates.com/Our%20Ideas/Insights/Fundamentals/Pages/F_2012_Sep_The_Glidepath_Illusion.aspxhttp://www.forbes.com/sites/nextavenue/2013/05/16/4-mistakes-to-avoid-when-enrolling-in-medicare/http://www.amazon.com/The-Intelligent-Investor-Definitive-Investing/dp/0060555661/ref=rec_dp_2http://www.forbes.com/sites/johnwasik/2013/02/14/top-investment-traps-a-to-do-list-for-sec-enforcement/http://www.forbes.com/forbes/2010/0628/investment-guide-behaviorial-finance-odean-average-investor-own-enemy.htmlhttp://www.forbes.com/sites/robertwood/2012/09/11/ubs-bradley-birkenfeld-gets-104-million-blows-doors-off-irs-whistleblower-program/http://www.amazon.com/The-Intelligent-Investor-Definitive-Investing/dp/0060555661/ref=rec_dp_2http://www.forbes.com/pictures/efik45ejedd/high-returns-are-guaranteed/http://www.amazon.com/Where-Are-Customers-Yachts-Investment/dp/0471770892http://www.forbes.com/sites/johndobosz/2013/09/25/10-ratios-to-make-you-money-in-stocks/http://www.amazon.com/Little-Still-Market-Books-Profits/dp/0470624159/ref=sr_1_1?ie=UTF8&qid=1385515602&sr=8-1&keywords=The+Little+Book+That+Beats+the+Markethttp://www.investopedia.com/university/greatest/peterlynch.asp#axzz2NNdqY05ahttp://www.forbes.com/sites/learnvest/2013/04/03/how-my-abusive-marriage-left-me-100000-in-debt/http://www.forbes.com/sites/robertwood/2013/02/06/three-simple-rules-to-stay-off-irs-radar/http://www.forbes.com/sites/robertwood/2011/11/01/keep-tax-records-in-the-vault/http://www.forbes.com/forbes/2010/0628/investment-guide-casualty-insurance-homeowners-save-thousands.htmlhttp://www.berkshirehathaway.com/letters/2010ltr.pdf


18/25



#289

Start saving for retirement in your 20s to put the compounding windsat your

back.

#290

Use the Rule of 72: Divide your expected percentage return into 72 to figure

how long it will take you to double your money.

#291

Never sell a stock that keeps on rising in price.

#292

Warren Buffett: When we own portions of outstanding businesses with

outstanding managements, our favorite holding period is forever.

#293

Ben Franklin: An investment in knowledge pays the best interest.

#294

Use ETFs tobe your own international fund manager.

#295

Dont try to imposeyour egoon the market.

#296

Set up 10% trailing stop-loss ordersto avoid unexpected nosedives in your

portfolio.

#297

Barry Sternlicht: You have to be willing to change your mind. If you are a

stubborn mule, youll get killed.

#298

ReadWarren Buffetts favorite book, Benjamin GrahamsIntelligent Investor.

#299Be a vulture investor: Buy distressed bonds at pennies on the dollar like Marty

Whitmanand David Tepper.

#300

Pay attention to moving averages. When the 20- or 50-day average crosses

below the 200-day average its bearish.

#301

Monitor the level of fear in the market with the CBOE put/call ratio and the

VIX.

#302Get tax help if youve got incentive stock optionsthey carry tax benefits but

also a nasty alternative minimum tax trap.

#303

Pay public school tuition for your overachieving teen by getting steep

discounts at great private colleges.

#304

Dont treat your 401(k) as a piggy bank; youll regret it come retirement.

#305

ReadMoney Masters of Our Timeby John Train.
http://www.amazon.com/Money-Masters-Time-John-Train/dp/0887309704/ref=sr_1_1?ie=UTF8&qid=1385516188&sr=8-1&keywords=Money+Masters+of+Our+Timehttp://www.forbes.com/sites/ashleaebeling/2011/07/13/the-danger-of-treating-your-401k-as-a-piggybank/http://www.forbes.com/sites/schifrin/2013/05/14/tuition-discount-alert-50-great-colleges-desperately-seeking-students/http://www.forbes.com/2010/03/10/10-tax-tips-stock-options-personal-finance-robert-wood.htmlhttp://www.forbes.com/sites/greatspeculations/2013/06/26/vix-spike-provides-good-entry-point-into-stocks/http://www.forbes.com/sites/schifrin/2010/12/28/buffett-next-door-adviceuup-and-away-with-the-dollar-in-2011/http://www.forbes.com/sites/abrambrown/2013/06/05/stock-picks-and-investing-wisdom-from-wall-street-contrarian-marty-whitman/http://www.forbes.com/sites/schifrin/2013/06/05/two-book-chapters-that-changed-warren-buffetts-life/http://www.forbes.com/sites/schifrin/2013/06/05/barry-sternlicht-dont-ignore-outliers/http://www.forbes.com/sites/johndobosz/2013/08/12/vale-full-of-value-with-a-fat-yield/http://www.forbes.com/sites/schifrin/2011/09/02/pearls-of-wisdom-from-the-warren-buffetts-next-door/2/http://www.forbes.com/forbes/2012/0312/international-investing-portforlio-foreign-own-fund-manager.htmlhttp://www.goodreads.com/author/quotes/289513.Benjamin_Franklinhttp://www.berkshirehathaway.com/letters/1988.htmlhttp://www.forbes.com/sites/baldwin/2012/10/31/eight-reasons-not-to-take-profits-now/http://www.forbes.com/sites/investopedia/2011/07/07/how-to-double-your-money-every-6-years/http://www.forbes.com/sites/janetnovack/2013/06/05/bogle-high-investment-costs-destroy-magic-of-compounding-returns/


19/25



#306

Never buy anything from a cold-calling broker.

#307

Be alert for the signsthat a bubble is forming.

#308

Use sentiment indicatorsas contrarian tools.

#309

Dont confuse correlation with causationin markets.

#310

Small-cap stocks with lower price-to-book values tend to outperform.

#311

Tap an IRAnot a 401(k)without penalty for a first-time home purchase.

#312

Leave the dollars in a Health Savings Accountgrowing tax free for retirement

while you cover medical deductibles and copays from your current income.

#313

Use a flight path approach to asset allocation, raising your exposure to

stocks as you become a more confident investor.

#314

Knowyour sell rulesbefore you buy.

#315

Read letters of great investorssuch as Warren Buffett and Jeremy Grantham

online.

#316

Become an online stock researcher.

#317

Beware of asset protection scams.

#318

When stuck payingAMT,accelerate some income.

#319

Rent outyour vacation homefor two weeks a year, tax free.

#320

Most people dont need a whole life policy; buy a 20-year level-premium life

insurance policybefore your first child is born.

#321

Warren Buffett: You only find out who is swimming naked when the tide

goes out.

#322

Save $40,000 or more by sending your overachiever to community college

and then have her transfer to a top public university or the Ivy League.

#323

Save on a mastersfor yourself or kidsby earning it in Britain in one year.
http://www.forbes.com/sites/baldwin/2013/02/28/lower-cost-college-degrees-in-europe/http://www.forbes.com/sites/baldwin/2013/02/28/transfer-from-community-college-to-state-university/http://www.berkshirehathaway.com/letters/2001pdf.pdfhttp://www.forbes.com/sites/janetnovack/2010/09/07/if-dollars-are-tight-buy-term-insurance-and-sign-a-do-it-yourself-will/http://www.forbes.com/sites/kellyphillipserb/2012/03/26/taxes-from-a-to-z-v-is-for-vacation-home/http://www.forbes.com/sites/anthonynitti/2013/03/11/contrarian-tax-planning-increasing-income-to-take-advantage-of-the-amt/http://www.forbes.com/sites/toddganos/2013/01/20/beware-of-asset-protection-scams/http://www.forbes.com/pictures/eede45eidg/14-be-an-online-research-analyst/http://www.forbes.com/sites/steveschaefer/2013/06/26/beyond-buffett-four-other-investor-letters-the-pros-are-reading/http://www.forbes.com/pictures/eede45eidg/12-know-your-sell-rules-before-you-buy/http://www.forbes.com/sites/rickferri/2013/01/09/a-fighter-pilots-view-of-age-based-asset-allocation/http://www.forbes.com/sites/janetnovack/2013/01/09/five-ways-to-protect-your-retirement-from-washingtons-fiscal-follies/http://www.forbes.com/pictures/mjd45kkhi/tap-your-ira-for-your-first-house/http://www.forbes.com/sites/frankarmstrong/2013/05/23/fama-french-three-factor-model/http://www.forbes.com/sites/kenfisher/2011/09/30/statistical-analysis-with-the-correlation-coefficient/http://www.forbes.com/sites/greatspeculations/2013/08/12/cheery-investor-sentiment-may-be-a-stock-market-red-flag/http://www.forbes.com/2009/04/26/market-panic-vines-markets-equities-asia.htmlhttp://www.forbes.com/sites/williampbarrett/2010/09/20/sec-alleges-bait-and-switch-using-hollywood-lure/


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#324

Have your eldest child take a gap yearbefore college so that more than one

child is in school at the same timeyoull get more financial aid.

#325

RothifyRoth conversions make sense in more cases than most people

realize.

#326

Time 401(k) contributions to make sure you grab your full employer match.

#327

Factor your individual health and life expectancy into your decision onwhen

to take Social Security.

#328

Use an online calculatorto help you determine the best strategy to maximize

your Social Security benefits.

#329

Put junk bond funds in tax-deferred accounts.

#330If your spouse dies, file an estate tax return to preserve his $5.25 million

estate/gift tax exemption (rising to $5.34 millionin 2014) for your own use

later.

#331

Buy master limited partnershipslate in life to avoid their tax drawbacks.

#332

Only buy closed-end fundstrading at discounts to net asset value.

#333

Invest in businesses with sustainable competitive advantages.

#334

Dont fight the tape.

#335

Remember, three out of four stocksfollow the markets overall trend.

#337

Spend 25% less than you makeit will give you flexibility to pursue the big

opportunity.

#338

Bruce Greenwald: To get really rich, copy the hedge fund, private equity andVC masters and get your hands on somebody elses money.

#339

Warren Buffett: Investors should remember that excitement and expenses

are their enemies.

#340

Watch out for high fees hidden in some tax-sheltered productslike 529s and

variable annuities.

#341

Protect your assetsbefore theres a claim against you; after-the-fact moves
http://www.forbes.com/sites/jayadkisson/2011/07/13/ten-rules-for-asset-protection-planning/http://www.forbes.com/sites/janetnovack/2013/09/10/10-tough-lessons-for-retirement-and-college-savers/http://www.berkshirehathaway.com/letters/2004ltr.pdfhttp://www.forbes.com/sites/schifrin/2013/06/05/bruce-greenwald-get-your-hands-on-somebody-elses-money/http://www.forbes.com/sites/jasonnazar/2013/07/23/20-things-20-year-olds-dont-get/http://education.investors.com/investors-corner/645829-the-m-in-can-slim.htmhttp://www.investorwords.com/7841/dont_fight_the_tape.htmlhttp://www.amazon.com/Rule-Strategy-Successful-Investing-Minutes/dp/0307336840http://www.forbes.com/sites/investor/2013/07/10/how-to-use-the-closed-end-sling-shot-effect/http://www.forbes.com/sites/baldwin/2010/12/02/tax-guide-to-master-limited-partnerships/http://www.forbes.com/sites/deborahljacobs/2013/10/31/irs-raises-limit-on-tax-free-lifetime-gifts/http://www.forbes.com/sites/deborahljacobs/2012/01/11/how-to-get-the-latest-tax-break-without-spending-a-bundle-on-legal-fees/http://www.forbes.com/forbes/2011/0808/investing-william-baldwin-investment-strategies-location.htmlhttp://www.forbes.com/sites/janetnovack/2013/01/09/these-calculators-can-raise-your-odds-of-retiring-well/http://www.forbes.com/sites/janetnovack/2011/02/15/the-big-decision-when-to-take-social-security/http://www.forbes.com/sites/ashleaebeling/2012/01/13/the-big-401k-match-mistake/http://www.forbes.com/sites/baldwin/2013/10/15/a-roth-conversion-formula/http://www.forbes.com/sites/baldwin/2013/02/28/gap-year-between-high-school-and-college/


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can backfire.

#342

Check your advisors ADVatwww.sec.gov.

#343

Remember Bernie Madoff: Make sure your investment advisor keeps your

moneyin an account with an independent custodian.

#344

Gary Shilling: Dont try to reinvent the wheel. Instead, intelligently and

efficiently apply what is already well known.

#345

Warren Buffett: You dont have to make money back the same way you lost

it.

#346

When selling a business, plan ahead and you may be able to save big on tax.

#347

Retire to a placewhere jobs are plentiful.

#348

Factor taxes into your retirement incomestrategy.

#349

Take $500,000 per couple in gains on thesale of your home, tax free.

#350

Dont be afraid to deduct a legitimate home officeyou can now claim up to

$1,500 a year, with minimal recordkeeping.

#351

Review the assumptions an ex-employer has made in calculating your

pension. Mistakes arent unusual.

#352

Keep 5% of your portfolio in gold.

#353

Own gold through ETFslike GLD.

#354

When pundits declare the death of buy-and-hold it could well be the sign of

a market bottom.

#355

Warren Buffett: Its optimism that is the enemy of the rational buyer.

#356

Burton Malkiel: Efficient markets does not mean that the price of every

security at every moment in time is correct.

#357

Look for undiscovered stocks with market caps between $1 billion and $10

billion.

#358

Understand how the businesses you invest in make money.
http://www.forbes.com/sites/baldwin/2013/02/13/mid-cap-value-stocks-for-the-guggenheims/http://www.forbes.com/2010/09/10/buy-and-hold-intelligent-investing-malkiel.htmlhttp://www.berkshirehathaway.com/letters/1990.htmlhttp://www.marketwatch.com/story/is-market-timing-dead-2013-03-26?dist=afterbellhttp://www.forbes.com/sites/baldwin/2013/06/05/the-best-etfs-for-investors/http://www.forbes.com/sites/robertlenzner/2011/04/17/university-of-texas-endowment-holds-1-billion-gold-5-of-its-portfolio/http://www.forbes.com/forbes/2011/0411/retirement-defined-benefit-pbgc-erisa-pension-hunting.htmlhttp://www.forbes.com/sites/anthonynitti/2013/01/15/deducting-your-home-office-read-couch-just-got-a-whole-lot-simpler/http://www.forbes.com/sites/kellyphillipserb/2012/10/10/9-tax-related-myths-about-selling-your-home/http://www.forbes.com/sites/baldwin/2013/06/05/how-retirees-pay-zero-taxes/http://www.forbes.com/sites/williampbarrett/2013/02/04/best-places-for-a-working-retirement-in-2013/http://www.forbes.com/sites/ashleaebeling/2013/09/06/selling-your-business-cut-the-tax-bite/http://www.google.com/url?q=http://books.google.com/books/about/The_Tao_of_Warren_Buffett.html?id%3DmsOBPzhVqGgC&sa=D&usg=ALhdy2_5Uta26ZOFOVILYs6xWELXNFy6Swhttp://www.forbes.com/sites/schifrin/2013/06/05/gary-shilling-get-the-stars-out-of-your-eyes/http://www.forbes.com/sites/johnwasik/2013/03/08/do-you-know-where-your-money-is/http://www.adviserinfo.sec.gov/IAPD/Content/Search/iapd_Search.aspxhttp://www.forbes.com/sites/janetnovack/2013/09/20/6-pointed-questions-to-ask-before-hiring-a-financial-advisor/


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Tweet 69

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See Also:

#359

If the short sellers are swarming around your stock, investigate the bears

thesis.

#360

When company insiders buy,you should, too.

#361

Benjamin Graham: Those who want freedom from concern must accept

lower returns.

#362

Warren Buffett: It is far better to buy a wonderful business at a fair price than

to buy a fair business at a wonderful price.

#363

Burton Malkiel: Avoid the temptation to follow the herd.