Introduction to Better Investing
If you want a simple plan to keep you out of investing trouble, then only invest in the following three things:
1) Big Blue Chip stocks you have known the name of for years.
2) Somebody you know. That is, somebody that has been over to your house for Thanksgiving dinner. They'll treat you fairly because they want to come back.
3) Something you know. By this I mean something that you know inside - out from long experience. If you worked in the insurance industry for 15 years you can invest in an insurance start-up. Here, we do not mean you can invest in a cookie company because you eat. You have to be a pro in the area.
If you stick to big Blue Chip stocks, somebody you know, or something you know, you will be in a much safer position than you will ever be answering the phone from the boiler room.