“Richard's Thoughts On Tips, God, Bull Markets & Corrections”
Few investment legends have weathered more than Richard Russell. Born in the Great Depression, Richard knew what it was like to live in hard times. His survival tips are timeless...
1 — Cut out expensive discretionary spending. Instead of eating at your favorite local restaurant, eat at home and save many bucks. Supermarkets now stock endless “heat up” meals. Or better still, starting from scratch make your own dinners. Cooking is coming back.
2 — Take the long view. With stock dividends at very low levels, the odds are that holding stocks “for the long run” is going to be discouraging.
3 — Money is made in the BUYING. When you buy anything at the right (low) price, the odds are that you’re going to make money through the passage of time.