Do you love pyrotechnics, seemingly unlimited lung capacity and amplifiers that go to 11? If so, you may also find that beneath the long hair and studded leather, there is sage investment advice within heavy metal.
IN PICTURES: Consumer "Fads" That Haven't Faded

10. "Master of Puppets" Metallica (1986)
"Master of puppets, I'm pulling your strings
Twisting your mind and smashing your dreams."

Lesson: Think for Yourself
Ultimately, you are the one who will profit or lose by your decisions. Make sure then that your investment decisions come from a well-reasoned, rational place and not emotion or superficial analysis. It is easy to be swept up in the currents and eddies of the market, but once you give into the group-think, you are truly vulnerable.

9. "Be Quick Or Be Dead" Iron Maiden (1992)
"You've got to watch them - be quick or be dead."

Lesson: Move Quickly on Good Ideas
Odds are, if you manage to find a truly undervalued company out there, others are on the scent as well. If you wait too long, others are going to bid up the stock and suddenly that undervalued stock is fairly valued… and you have to cope with the specter of being right, but making no money from it. I am not suggesting that you curtail proper due diligence; rather, I am simply pointing out that you can never know everything about an investment and paralysis-by-analysis can cost you real money.

8. "The Ripper" Judas Priest (1976)
"When you least expect me
And you turn your back

Lesson: Avoid Trouble
Most people would not walk into a blind alley by themselves at night. Odds say that you will be fine, but you never quite know who or what may be waiting for you. Likewise, do not invite trouble into your portfolio. Keep up on the news and financial performance of your holdings. Review your thesis and make sure your positions still make sense. And do not dabble in the pink sheets and penny stocks; if the Ripper were to stalk investors, that is where he would do it.

7. "All the Fools Sailed Away" Dio (1987)
"It's your one great chance for a miracle
Or we will disappear never to be seen again."

Lesson: Beware of Advice
I know there is a certain irony in advising you to be cautious about advice. But here I mean something more like fanciful predictions or know-it-all advisors. Remember those predictions of Dow 36,000 back during the tech bubble? Have you seen the current ads suggesting gold is going to $3,000 or $4,000 an ounce? If somebody is promising you a miracle, they are full of it, and they are trying to reach into your pocket. (Learn more in 5 Ways To Spot The Next Stock Bubble - And Avoid It.)

6. "Ace of Spades" Motörhead (1980)
"If you like to gamble, I tell you I'm your man
You win some, lose some, it's all the same to me."

Lesson: Do Not Gamble
What is the difference between investing and gambling? A rational person expects to make a fair return on an investment, whereas the expected return on a gamble is less than zero. Gambling can be fun, whether you go to a casino or whether you decide to just take a flyer on a biotech stock. But do not base your entire investment philosophy on trying to hit 10,000-to-1 longshots, or you will quickly end up with nothing but losses.

5. "Safe Home" Anthrax (2003)
"You have always been my safe home!
I walk! I run! I burn out into you!"

Lesson: Have a Core
Every investor needs a strong core, whether that is a core group of quality stocks that you are holding for long-term gains, or a core philosophy that guides you in your day-to-day investment decisions. If you try to constantly hold the "hot hand" of stocks, you will find that your trading costs eat up your gains. Likewise, if you constantly change your investment philosophy with the next book or newsletter you read, you will never be comfortable and well-practiced enough to successfully implement a strategy.

4. "Reckoning" Killswitch Engage (2009)
"Enjoy this while it lasts
It won't be long before it dies."

Lesson: Cycles Do Not Last - Take a page out of Sun Tzu, and when the markets are very strong, start thinking about how to protect your gains. Likewise, when the markets have been awful, start developing your strategy to get back into quality undervalued ideas. Whatever is going on in the market today, it will pass and it will pass more quickly than you probably think. Also, remember that no stock always goes up, so if you have a huge winner, consider protecting that gain. (For more, check out Market Cycles: The Key To Maximum Returns.)

3. "Don't Go Away Mad (Just Go Away)" Mötley Crüe (1989)
"Seasons must change
Separate paths, separate ways."

Lesson: Do Not Hang On to Losers
Selling at a loss is psychologically painful; it is a tacit admission that you were mistaken. Still, it is better to acknowledge a mistake, clean up the aftermath and move on. Tying your assets into losing propositions is not only mentally stressful, but it keeps you from maximizing your investment opportunities and maybe even making some of that money back in better stocks.

2. "I Love it Loud" KISS (1982)
"Stand up, you don't have to be afraid."

Lesson: Do Not Let the Market Intimidate You
Investing is something than almost anybody can do if they are willing to put in the time and effort. Do not let advisors tell you that it is too hard or too complicated, and do not tolerate anybody waiving off one of your questions with words to the effect of "it is complicated, you would not understand."

1. "Paranoid" Black Sabbath (1970)
"All day long I think of things
But nothing seems to satisfy
Think I'll lose my mind
If I don't find something to pacify."

Lesson: Go Out and Play
I love the markets; I sincerely do. But even I will push away the laptop and go take a walk around the lake or read a book. If you do nothing but follow the markets, it will either drive you mad or turn you into someone your friends and family probably do not want to know. Investing takes a lot of time, energy, and focus - you must step away now and then to recharge the batteries and live a life beyond spreadsheets and charts. (For more, check out Due Diligence In 10 Easy Steps.)

Inspired by the CFA Institute article: Top 10 Investment Tips From Classic Rock by Tom Collimore, CFA.

Catch up on your financial news; read Water Cooler Finance: Goldman Fined, Financial Fixes And Apple's "Apology".

Related Articles
  1. Mutual Funds & ETFs

    Top 3 Japanese Bond ETFs

    Learn about the top three exchange-traded funds (ETFs) that invest in sovereign and corporate bonds issued by developed countries, including Japan.
  2. Taxes

    Here's How to Deduct Your Stock Losses From Your Tax Bill

    Learn the proper procedure for deducting stock investing losses, and get some tips on how to strategically take losses to lower your income tax bill.
  3. Mutual Funds & ETFs

    What Exactly Are Arbitrage Mutual Funds?

    Learn about arbitrage funds and how this type of investment generates profits by taking advantage of price differentials between the cash and futures markets.
  4. Retirement

    Why Some Celebs Say 'No Inheritance for My Kids'

    To some of the super rich, inherited wealth is not the ultimate gift, it's a burden. Here's how their children—as well as charities—stand to benefit.
  5. Professionals

    How to Create a Retirement Co-Op in Your Community

    As the retirement boom continues, retirement co-ops are growing in popularity. Here's how to set one up in your community.
  6. Stock Analysis

    3 Solar Stocks to Add to Your Portfolio

    Understand the growth and challenges of the renewable energy market and its success in 2015. Learn about the top three energy stocks to add to a portfolio.
  7. Investing Basics

    What Does In Specie Mean?

    In specie describes the distribution of an asset in its physical form instead of cash.
  8. Economics

    Calculating Cross Elasticity of Demand

    Cross elasticity of demand measures the quantity demanded of one good in response to a change in price of another.
  9. Professionals

    How to Sell Mutual Funds to Your Clients

    Learn about the various talking points you should cover when discussing mutual funds with clients and how explaining their benefits can help you close the sale.
  10. Mutual Funds & ETFs

    Top Three Transportation ETFs

    These three transportation funds attract the majority of sector volume.
  1. What are the main kinds of annuities?

    There are two broad categories of annuity: fixed and variable. These categories refer to the manner in which the investment ... Read Full Answer >>
  2. What are the risks of rolling my 401(k) into an annuity?

    Though the appeal of having guaranteed income after retirement is undeniable, there are actually a number of risks to consider ... Read Full Answer >>
  3. How do I get out of my annuity and transfer to a new one?

    If you decide your current annuity is not for you, there is nothing stopping you from transferring your investment to a new ... Read Full Answer >>
  4. Do financial advisors get paid by mutual funds?

    Financial advisors are reimbursed by mutual funds in exchange for the investment and financial advice they provide. A financial ... Read Full Answer >>
  5. Do financial advisors prepare tax returns for clients?

    Financial advisors engage in a wide variety of financial areas, including tax return preparation and tax planning for their ... Read Full Answer >>
  6. Is a financial advisor required to have a degree?

    Financial advisors are not required to have university degrees. However, they are required to pass certain exams administered ... Read Full Answer >>

You May Also Like

Hot Definitions
  1. Capitalization Rate

    The rate of return on a real estate investment property based on the income that the property is expected to generate.
  2. Gross Profit

    A company's total revenue (equivalent to total sales) minus the cost of goods sold. Gross profit is the profit a company ...
  3. Revenue

    The amount of money that a company actually receives during a specific period, including discounts and deductions for returned ...
  4. Normal Profit

    An economic condition occurring when the difference between a firm’s total revenue and total cost is equal to zero.
  5. Operating Cost

    Expenses associated with the maintenance and administration of a business on a day-to-day basis.
  6. Cost Of Funds

    The interest rate paid by financial institutions for the funds that they deploy in their business. The cost of funds is one ...
Trading Center
You are using adblocking software

Want access to all of Investopedia? Add us to your “whitelist”
so you'll never miss a feature!