20 timeless money rules.. on investing

Money Magazine collected the best advice from some of the smartest investors (and other people) who have ever lived. Read the article: 20 timeless money rules

Main takeaways:

• Diversify / Mix up with appropriate asset allocation, across various sectors/industries/regions/mid-large-small caps..
• Take advantage of the power of Dollar Cost Averaging, over a long period of time.. (Only the lucky ones who can look into future can time the market.. )
• Do not panic. Stay invested and continue investing..

Interesting tidbit:

• In every bull market since 1970, stocks have dropped by 10% or more at least once. Average time to get back to even: 107 days.
• Over time, markets tend to stick close to their long-term trends, called "regression to the mean." Manias and panics never last