Our experts' advice for the decade ahead
MoneySense Magazine, by MoneySense staff
August 2009
To help you navigate the decade ahead, we asked some of our favorite experts for their top tips. Four themes emerged.
Build your margin of safety
Benjamin Graham, the father of value investing, considered it vital for investors to build a margin of safety into their calculations. According to Graham, if you’re buying a stock, you should insist on paying a price so low that even if the market turns sour and the stock turns out to be a dud, you still recover most of your money.
It’s an excellent idea to apply the same thinking to all aspects of your personal finances. The next decade is shaping up as a tumultuous time. You should plan your future with a margin of safety so that unexpected expenses or emergencies can’t derail you.
Full text: Top Tips From Financial Experts
