We recommend investing in an unlimited upside, limited downside way. If you use something like a 25% trailing stop, then your losers get sold, and you end up with a portfolio of winners.

Timeless Rule #7: Bear markets begin in good times. Bull markets begin in bad times.

I don't know about you, but times are good where I live. "You can't go wrong in real estate" is common sentiment. Everyone is into it. And it's same with stock market. The Dow Jones average is like 10% away from its all time highs. Chances are, now's not time to be buying stocks or real estate (on coast of Florida, at least!).

Timeless Rule #10: Investing in what's popular never ends up making you any money. Buy an investment when it has few friends.

It makes sense. If you're doing what average guy at a cocktail party is doing, you're doomed to average returns... at best.

In order to buy something cheap, you've got to buy when nobody wants it. So you can't be buying what everybody else at cocktail parties are buying.

There's always something that everyone hates. I've been recommending gold coins and some stocks in Argentina and Israel recently. Now, those are conversation stoppers at cocktail parties! And that's just what I want to buy...

If a few of your neighbors are bragging about how much money they made in "X," then chances are, it's time to avoid "X."

I picked these Timeless Rules out of our list of 12 because I felt they were most pertinent rules for attendees at our conference now. And if these reminders were good enough for attendees, they're probably good reminders for you, too.

Good investing,

Steve