When people talk about investing, they are always looking for the best advice. Many are willing to pay a lot for it. The problem with this, however, is that many financial advisor give the wrong advice. Ultimately, decisions must be made by the investors. Here are some guidelines that may help investors save a lot of money.
当人们谈论投资时，他们总是在寻求最好的建议，很多人愿意为此大笔投入。然而，问题是许多财务顾问给出了错误的建议。最终，决策必须由投资者做出。以下是一些可以帮助投资者节省大笔资金的指导原则。
First, a key to successful investing is time itself. What makes many investors rich is that they have invested over a long time. This allows their investments to grow, even if they weren’t active investors. Unfortunately, most people don’t start saving enough until it’s too late. That lack of time limits the power of compounding. So the best advice is to start saving as soon as possible.
首先，时间是成功投资的关键。许多投资者之所以富有，是因为他们投资了很长一段时间。这使得他们的投资增长，即使他们不是活跃的投资者。遗憾的是，大多数人需要很久才有足够的储蓄。缺乏时间限制了复利，所以最好的建议是尽快开始储蓄。
What about economic projections and earnings growth estimates? The truth is, nobody knows. What they really reflect are people’s feelings about the future. It’s interesting to note that someone who buys a low-cost index fund on average does better than someone who invests in an expensive fund managed by famous experts. With investing, simple and basic can earn a bigger return than complex and expensive. Sometimes the pros don’t know what they are talking about. They just talk as if they do.
那么经济预测和盈利增长预测呢？ 事实是，没人知道，它们只是反映了人们对未来的感受。有趣的是，买入低成本指数基金的人们平均收益高于投资于由著名专家管理的昂贵基金。 对于投资而言，简单和基础就能获取更多的收益，而不是复杂和昂贵。 有时赞成的意见不知所云，他们只是听起来像说话。
What about risk and volatility? One thing for sure is that the stock market will fluctuate. Since 1900 one of the largest index funds has returned about 6% per year. Compare that to the average difference between any year’s highest close and lowest close which is 23%. When an expert tries to explain why the market is down, they are really trying to explain why the sun goes up and down.
风险和波动呢？有一点是肯定的，股市会 波动。 自1900年以来，最大的指数基金之一的年回报率约为6%，而每年最高收盘价和最低收盘价之间的平均差异为23%。当一个专家试图解释市场为什么下跌时，他们实际上是在解释太阳为什么升起，为什么落下。
And finally, beware! The financial industry is dominated by people whose only interest in your wealth is how much they can charge you. Unfortunately, the louder a financial expert is, the more exposure he will get even though he’s often wrong. This is one of the most important things to know about finance. Don’t be misled by experts.
最后，小心！ 金融业是由那些只对你财富感兴趣，可以向你收取多少钱的人主导。 遗憾的是，金融专家的声音越大，他就会曝光越多，即使他经常犯错。 金融学最重要的知识之一——不要被专家误导。
