Posted by Alphabeta > 2015-01-07 09:59 | Report Abuse

The key word here is "discipline" without which any good advice will go down to drain. It is better to scout for mature companies with healthy balance sheet, produce stable cash flows and a history of paying decent dividends.

Invest in expensive high-growth business, high gearing with negative free cash flow is risky unless it has quality assets and the risk/return profile is palatable.

Posted by Kevin Wong > 2015-01-07 15:40 | Report Abuse

Most billionaire investors recommend small investors to use the fully invested or at least be almost fully invested at all times method/strategy. A portfolio should be fully stocked up within 3 to 5 years.

Posted by kcchongnz > 2015-01-08 15:30 | Report Abuse

Warren Buffet said:

3. Learn How to Read Financial Statements
4. Focus on Saving, Not Getting Rich Quick
5. When Stock Prices Drop, Buy — Don’t Sell

"Charles, what say you?"

Charles Munger, "I have nothing to add".