The Importance of Having Investment Principles

By | October 19, 2018

One key to investing successfully is having time-tested investment principles in place that you follow consistently over time. Financial success and independence look different for everyone. However, proven investment principles and wealth building strategies can be the same for you as they would be for Bill Gates or Warren Buffet.

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Fundamental truth or proposition that serves as the foundation for a system of beliefs or behaviors and/or for a chain of reasoning.
Rule or belief governing one’s own personal behavior.
Investment principles seem to be quoted everywhere. They are usually at the front (or near the front) of most marketing brochures and/or websites. This is because they are extremely, extremely important. I contend that one of the most important questions you can ask a financial advisor you are considering working with is this: “What are your investment principles and please explain them to me.”

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