FIN-3300-Intro-Lecture-Jan-3-2011

FIN-3300-Intro-Lecture-Jan-3-2011 - FIN 3300 Investment...

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1 FIN 3300 Investment Principles: Strategies and Tactics Andrew J. Sherbo, Ph.D., CFP ® January 3, 2011
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2 Strategies or Stuff I Have Learned (And Stolen From Others) “TANSTAAFL”: There Ain’t No Such Thing As A Free Lunch Be a “SLY” investor: Safety: Protection of Principal Liquidity: Able to Cash In/Out Quickly Yield: The Bigger, the Better Don’t Borrow Money on Assets Which Depreciate in Value Unless You Like Making Other People Rich If you Don’t Understand the Investment, From Top to Bottom , Don’t Do It Investing Means There Will Be Casualties SLY : You Can’t Maximize All Three At Once!
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3 Strategies or Stuff I Have Learned (And Stolen From Others) We have had 11 Recessions in the past 65 years (1945-2010) Thus, a Recession occurs about every 6 years (5.9 to be exact) A person who is Age 21 today living until Age 80, should see about 10 more Recessions in their lifetime It is Not What You Earn That Counts, It is What You Keep
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FIN-3300-Intro-Lecture-Jan-3-2011 - FIN 3300 Investment...

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