most dangerous threat to your wealth today?

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 What is the most dangerous threat to your wealth today? You have several choices:

  1. Inflation
  2. Taxation
  3. Bear markets
  4. Bad investment advice
  5. Investment fraud
Three Rules of Successful InvestingI suggest you follow these rules when it comes to investing:
  1. Be your own money manager as much as possible. Keep at least half your funds in a broad-based index like the S&P 500 Index Fund, and see if your own stock selection can beat the market over the long run.
  2. If you don’t feel comfortable investing, choose several money managers whose investments are secured in an independent brokerage account and whose investments are quoted every day online or in the newspaper. These would include mutual funds, exchange traded funds or closed-end funds that you can buy or sell through a brokerage firm such as Charles Schwab, T. D. Waterhouse or E-trade. Invest after consulting an independent rating system such as Morningstar.
  3. Don’t count on the government to bail you out of your mistakes. If you are a victim of fraudulent or deceptive investment practices, you may or may not get your money back.

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