For the past several months, I’ve been sending out my Monday Tips. These tips have been my ideas but I realize there’s far more wisdom from others who read these posts. This year I plan to highlight contributions from my readers. I would be interested in items like: your five rules for living, best tips on managing a particular challenge, etc. I look forward to seeing your suggestions for Monday Tips.
Here is an example from David Ross, Founder and CEO of Micro Video in Ann Arbor. Dave has been a successful investor for most of his life. Here are his three rules on investment risk:
1. Don't take big risks for small potential gains.
2. Don't risk more than you can lose.
3. Understand the probabilities.
With the economic pressures so intense today, I would appreciate receiving other ideas on how to manage money. I will include them in a future post.