Ray Dalio: Four Unique Investment Tips to Get Rich
Great investors are habitually giving advice to those who want to become successful in the stock market. These tips generally advocate saving lots of money, diversifying your portfolio, and not trying to time the market. But very few give the recipe for that secret sauce that makes them stand out above others -- except for Ray Dalio, the founder of the largest hedge fund in the world, Bridgewater Associates.
Dalio, who is currently worth $18 billion, grew up in a middle class neighborhood in New York. At 12 years of age, he saved his money from caddying and purchased his first stock for $5 a share. "I got lucky, because the company was about to go broke, but some other company acquired it and it tripled, and I thought the game was easy, and so that's what I got hooked on," Dalio said.
After earning a graduate degree from Harvard, Dalio started Bridgewater from his small apartment, and the rest is history. He forged his own path to success with some ideas that are unique from other billionaires. Here are four tips that you may not find on other successful investors' tips lists.
Source Fool.com
