Five years ago, my parents decided that they also wanted to start investing in some of the top startups in Silicon Valley. They were beginners, and needless to say, I had plenty of advice to share.
Since then, they've been investing alongside me. So far, they have had quite a good run.
If early indicators are to be believed, their portfolio will outperform 90% of professional venture capitalists – and with a little luck, may even land them into the coveted top 5% of professional investor territory.
That's not bad considering my mom (a nurse) and my father (an engineer) spend less than two hours a week on their investments…
These three tips are what I've hammered into my parents since day one. They didn't just help my parents achieve great returns as angel investors; they showed them how to do so in a predictable manner.
These rules are the same ones I wish someone had shared with me when I was starting out.
Of course, I'm no longer a beginner, but I revisit these rules every single week and consider them as I make any new investment. And I shared one of the most important ones with you just last week.