Here are 10 investing lessons from the pros that could help almost everyone.
1. Warren Buffett: Never borrow money to buy stocks.
2. Liz Ann Sonders: Volatility is an investor’s friend.
3. Sallie Krawcheck: Start early to make the most of compounding.
4. Carlos Slim: Create wealth
5. Suleiman Kerimov: The main thing during a crisis is discipline, to begin investing in time again after the crisis subsides.
6. Prince Alwaleed Bin Talal: Hold while others sell. Take large market events out of the picture while collecting a dividend to wait.
7. Alicia Munnell: Most investors have no clue how much they should save or spend. Run your retirement numbers, and then make savings automatic.
8. Barbara Corcoran: Avoid credit cards
9. Mark Cuban: Don’t pursue any get-rich quick schemes. There are no shortcuts. NONE.
10. Kevin O’Leary: Prepare financially for the unexpected, because there’s a 100% certainty the unexpected will happen and keep 10% of your total assets in cash.