100-Day Reading Sharing Plan – Day 70

"A Random Walk Down Wall Street"

1. Defining clear investment goals is an indispensable part of the entire investment process, but too many people skip this step, resulting in catastrophic losses.

2. People do have some bizarre tastes, but my advice is: you should buy things because you like them, not because you expect them to appreciate in value. Don't forget that fakes and imitations are everywhere.

3. I would avoid cryptocurrencies, non-fungible tokens (NFTs), and other things that have attracted social media attention. These things exist for gamblers.

4. Controlling the factors you can control should play a central role in designing a wise investment strategy.

5. Diversifying your investments can reduce risk and is much more likely to achieve the ideal long-term average return that aligns with your investment goals.

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