I would suggest that you only take advice from those people who have a lot of experience and who you trust as well. Also, be extremely conservative with your investments.
Sentiment: NEGATIVE
Buy into good, well-researched companies and then wait. Let's call it a sit-on-your-hands investment strategy.
I don't take investment advice from wealth managers. I have grown several businesses from scratch and amassed many millions from my publishing empire - why would I take advice from someone who has never experienced that?
I like to invest in companies where I can really add value from my experience, network, etc., so checking out my portfolio of other investments, and my background, will generally give some guidance there.
Experience taught me a few things. One is to listen to your gut, no matter how good something sounds on paper. The second is that you're generally better off sticking with what you know. And the third is that sometimes your best investments are the ones you don't make.
What I invest in, while not risky for me, may be too risky for most people.
My wife and I invest very, very conservatively.
I'm smart with my money, I invest conservatively. I don't mind paying top-dollar, but I don't want to get ripped off.
Never take advice from anyone in a tie. They'll bankrupt you. Don't ask a general for advice on war, and don't ask a broker for advice on money.
To make the most of your money, I recommend sticking with mutual funds that don't charge a commission when you buy or sell.
You must trust yourself more than you trust others. Pay attention to your inner voice - it will tell you if how and in what you are investing is right for you.