Walking the money for the rest of us, this is a personal financial on money, how it works,

how to invest it, and how to live without worrying about it.

I'm your host David Stein today, is episode 454.

It's titled, How to Invest Money, 10 Investing Rules of Thumb.

In early 2012, right before I was going to leave my investment advisory firm, I spent

a couple of weeks in southern Mexico in the Yucatan.

I went by myself and I spent the time taking photographs, writing, thinking, one of the

things I was really focused on, putting down my investment philosophy, as it would apply

to individuals.

I had spent almost 15 years managing money for institutions, university endowments, private

foundations, as well as managing the assets for individual investors, the assets of financial

advisors.

I hadn't thought much about this writing, eventually became an e-book until this past week,

and it turns out I've touched on some of these principles in the podcast, I certainly

discussed them some in my book, Money for the Rest of Us, 10 Questions to Master Success

for Investing, but they are somewhat different.

I thought it would be helpful to share these investing rules of thumb and expound on them

a little bit or what might have changed in the past decade.

Because things do change, markets evolved, economies evolved, to loom, where I spent a

week on the beach, I decade ago in 2012, I spent about just under $200 a night for a little

cabana on the beach, beautiful, beautiful beach, it was difficult to get to Tulum at that

time, I rented a car with you to drive, an hour or so from Cancun, now apparently Delta

...