Nancy Dunnan

Born :

January 10, 1941

Always leave a sinking ship. There's no virtue in hanging on to losers. And stocks don't have feelings.

ships hanging-on feelings

Avoid greed and fear. These are the investor's Achilles heels. Keeping all your money in the bank earning 3% interest is just as foolish as dumping your entire savings into the market thinking you'll make a quick buck.

bucks greed thinking

If you're uncomfortable with your financial advisor, it's probably with good reason.

advisors financial reason

Give a cold shoulder to cold callers. Never invest in anything based on a phone call from someone you don't know or whose office is a post office box.

phones office giving

Invest in vanity. Buy stocks in high-profile companies whose products are designed to make you feel good and look good.

vanity feel-good looks

Invest less at the end of the month. Brokers tend to push stocks at the end of the month in an effort to match or surpass their previous month's sales.

effort months ends

Sell before the holidays. Stock prices tend to rise on the last trading day before major holidays.

stock-price holiday lasts

When a corporation goes into the marketplace to buy back its own stock, it means management thinks the stock is undervalued. This is a smart time to buy.

smart mean thinking

Bet on black. Buy low-debt or no-debt companies. When the economy is in trouble, these companies usually have enough cash on hand to stay out of trouble. And they seldom need to borrow when interest rates are high.

debt black hands

The higher the yield, the higher the risk. A high yield is designed to attract investors. An outrageously high yield attracts fools.

yield fool risk

Bulls make money and bears make money, but pigs seldom do. When a stock or mutual fund is up 30%, sell one-quarter of your position.

bulls bears pigs

Never call your broker on Monday. Out of courtesy and common sense, wait until Tuesday. A good broker is focused on the opening of the market - at home and around the world - and on getting back into a business frame of mind after the weekend.

weekend monday home

Have the courage of your own convictions and don't be swayed by friends who boast about their financial home runs. Last year's winners are often this year's losers.

home running years