What is Pat’s commentary for the week of June 28, 2016

Article Excerpt

We designed our three-part Successful Investor strategy to improve your investing results and simplify your investing. Our first rule—invest mainly in well-established stocks with a history of earnings and dividends—helps you eliminate a lot of unprofitable stocks that might otherwise have some appeal. Rule two—spread your money out across the five main economic sectors—is a little more subtle and complex. Once you have decided a stock qualifies under rule one, you need to consider how it will fit in with your existing portfolio. Even the best stocks can disappoint you, so it’s crucial to balance and diversify your portfolio with rule two in mind. Rule three—downplay or avoid stocks in the broker/media limelight—is even more subtle and complex. It helps you follow rules one and two. More important, it helps you steer clear of the biggest, costliest investment mistakes. It works like this. You need to be aware that self-interest plays a role when brokers and the media decide what stocks to focus on…