Investment Strategies — Course Summary

There's no single “best” strategy. Value investors hunt for bargains using metrics like P/E and P/B ratios. Growth investors seek companies with expanding moats and rising revenues. Dividend investors build income streams that grow over time. Each approach works - what matters is finding one that fits your personality and sticking with it.

Index funds are the default choice for most people. They own the entire market, charge minimal fees, and beat 80-90% of professional managers over time. Dollar-cost averaging removes timing decisions - just invest the same amount on a regular schedule regardless of market conditions.

Allocation determines most of your returns. Stocks for growth, bonds for stability. Young investors can handle more volatility; older investors need more cushion. The “110 minus your age” rule is a reasonable starting point. Rebalance once a year to stay on target.

Selling is the hardest decision. Have clear rules before you buy. Sell when your thesis changes, when you need to rebalance, or when you need the money for life. Don't sell just because prices dropped or rose. The best investors sell rarely and let their winners run.