By Scott Ronalds

1). Your portfolio is like a bar of soap: the more you touch it, the smaller it gets.

2). Diversification is the only free lunch in investing.

3). Last quarter’s performance is a reliable indicator of last quarter’s performance.

4). The four most dangerous words in investing are, “This time it’s different.”

5). Be fearful when others are greedy and greedy when others are fearful.