One characteristic that I have observed about the timing of all good traders is that they never try to squeeze out the last point in a stock.

A mutual fund can do for you what you would do for yourself if you had sufficient time, training, and money to diversify, plus the temperament to stand back from your money and make rational decisions.

Rid yourself of the old myth, if it has been plaguing you, that money is not important. It is important - vitally important! It is just as important as the food it buys, the shelter it provides, the doctor bills it pays, and the education it helps to procure.

The person who takes no chances generally must take whatever is left over after others have finished choosing. Overcaution is as bad, if not worse, than lack of caution. Both should be avoided. Life will always contain an element of chance. Not to win is not a sin. But not to try is a tragedy.

It has been said that if you aim at nothing in life, you are likely to hit nothing! I have never had anyone come to me and say, 'Venita, I plan to fail.' Yet I have observed many who failed to plan and who unfortunately met with the same dismal results.

One characteristic that I have observed about the timing of all good traders is that they never try to squeeze out the last point in a stock.

The three most important rules in selecting the right piece of real estate are location, location, location (and when we have periods of tight money I would add terms, terms, terms).