APRIL 2003
As you know I have followed Sir John Templeton and his
investment principles for many years.
Franklin Templeton recently put out an 8 page brochure entitled “16
Rules for Investment Success”, by Sir John Templeton.
The following is a one-line teaser on each of the 16 rules.
Rule #1 – Invest for maximum total real
return.
Rule #2 – Invest-don’t trade or speculate.
Rule #3 – Remain flexible and open minded about types of
investment.
Rule #4 – Buy low. Of course, you say, that’s obvious. Well
it may be, but that
isn’t
the way the market works.
Rule #5 – When buying stocks search for bargins
among quality stocks.
Rule #6 – Buy value, not market trends or the economic
outlook.
Rule #7 – Diversify. In stocks and bonds, as in much else,
there is safety in
numbers.
Rule #8 – Do your homework or hire wise experts to help you.
Rule #9 – Aggressively monitor your investments. Expect and
react to change.
Rule #10 – Don’t panic.
Rule #11 – Learn from your mistakes.
Rule #12 – If you begin with prayer, you can think more
clearly and make fewer
mistakes.
Rule #13 – Out performing the market is a difficult task.
Rule #14 – An investor who has all the answers doesn’t even
understand all the
questions.
Rule #15 – There’s no free lunch. This principle covers an
endless list of
admonitions.
Rule #16 – Do not be fearful or negative too often.
If you would like to read the entire text just call and we
will be happy to send you a copy.
In the attached article the
opinions are those of the author. Any investment decision should be made after
careful review of your individual financial situation, risk tolerance,
investment objectives and time horizon.
520.884.7550
jpw@financial-architects.com
2311 E. Broadway