I subscribe to Bob Brinker news letter. His website has a lot of good reading. I believe in educate yourself and manage your assets with expert advice. Some brokers provide periodic free portfolio reviews.
Conventional wisdom is less risk when you become depndent on investment income. However I always keep some funds for dabbling in the market with individual securities. Also I do some sector funds when I don't have time to research individual stocks. Make use of SPY, QQQQ etc when you want to invest in broader market. If you feel gutsy you can trade in the 2X funds such as Rydex RMM or RYLDX. I don't do much with shorts however the best market opportunites is when there are ups and downs in the market.
Not a good idea to invest more that 4% in any one security.
Set your sell strategy and stick to it when you buy individual securities.
Having a network of investment friends helps.
If it's too good to be true..........
Anything that skyrocket has a lot of space below it.
Wall Street knows more than any one person
I found out my wife has a whole different investment strategy.
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