“Greater rewards, lower costs”


 The Investment Owner’s Contract


(From “The Intelligent Investor” by Benjamin Graham and updated by Jason Zweig, 2005)


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I, ______________________________________________________, hereby state that I am an investor who is seeking to accumulate wealth for many years in the future.


I know that there will be many times when I will be tempted to invest in assets because they have gone up in price, and other times when I will be tempted to sell my investments because they have gone down.


I hereby declare my refusal to let a herd of strangers make my financial decisions for me. I further make a solemn commitment never to invest because the stock market has gone up, and never to sell because it has gone down. Instead, I will invest R___________ per month, every month, through an automatic investment plan into the following investment funds:






I will also invest additional amounts whenever I can afford to spare the cash (and can afford to lose it in the short run).


I hereby declare that I will hold each of these investments continually through at least the following date (preferably 10 years): ____________________________. The only exceptions allowed under the terms of this contract are a sudden, pressing need for cash, like a health-care emergency, or loss of income, or a planned expenditure like a housing down payment or tuition bill.


I am, by signing below, stating my intention not only to abide by the terms of this contract, but to re-read this document whenever I am tempted to sell any of my investments.


This contract is valid only when signed by at least one witness, and must be kept in a safe place that is easily accessible for future reference.


Signed: ________________________________           Date: ________________________


Witnesses: _____________________________            _____________________________