“Invest Like the Experts” with Frank Holmes
Kitco News introduces a four-part series in December showcasing investment guidance from a wide range of experts.
Frank Holmes shares his 2014 outlook as well as his investment philosophy saying, “Successful investing is also like flying a plane.”
He said he learned from a friend who is an experienced pilot that there are three things you must always do each time you fly a plane: 1) have an approved flight plan, 2) have a completed checklist when taking off, and 3) have a completed checklist when landing. In a plane, this is a matter of life and death, so no step is left incomplete.
When it comes to investing, the flight plan is your long-term strategy that details your financial destination. Investors should also have two checklists: A checklist for buying and another for selling. Buy what goes on sale and sell what’s been up.
All opinions expressed and data provided are subject to change without notice. Some of these opinions may not be appropriate to every investor. By clicking the link above, you will be directed to a third-party website. U.S. Global Investors does not endorse all information supplied by this website and is not responsible for its content.