Interesting Image

Never Invest Unless…

Decades ago, soon after I divorced my gambling husband, a friend of my father’s called. He told me about a Limited Partnership he was forming, TJ Cinnamons (A fast food place).

I had no idea what a limited partnership was, but this man was very wealthy, very smart, very successful, so it had to be a great thing, right?

I didn’t know that you can’t take your money out of a limited partnership because there’s no market for it. When TJ Cinnamons went under, I lost my investment.  Then I made a very smart decision. I vowed I’d never invest in anything I didn’t understand.

I’ve come to call this the First Law of Investing: Never put money in anything you don’t understand, whether it’s a stock, bond or the market itself. Not only do you not know what you’re buying, but you can’t evaluate the information to know if it’s time to sell.

If you enjoyed these “Words of Wealth”, head over to my website and sign-up for my FREE weekly newsletter at:

Filed under: Investing , Life Lessons

Comments & Feedback

Use The Form Below to Share Your Feedback And Opinion

Meet Barbara Huson

When a devastating financial crisis rocked her world, Barbara Huson knew she had to get smart about money… and she did. Now, she wants to empower every women to take charge of their money and take charge of their lives! She’s doing just that with her best-selling books, life changing retreats and private financial coaching.

Top Back To Top
Site Design Rebecca Pollock
Site Development Alchemy + Aim