Never invest in something that you simply don’t understand

Tip to keep you out of trouble: never invest in something that you don’t understand. That includes Bitcoin, MLPs, annuities, structured products, and even stocks. This may seem obvious but I have seen people make this simple mistake because they are chasing the hottest thing in the moment. When things are too good to be true and you can’t understand how it is possible, trust your gut and run away as fast as possible and learn Technical Analysis.