I'm a fan of Warren Buffett- but not always. Sometimes it seems like his investment tips are from touch and just when I want to think of him being an old bag the ones won't be investing with the times - he pulls out a one two punch and shows everyone the right way to build wealth.

Besides, he's a yearly shareholder report that makes me laugh every time, company, I am a shareholder. But it does not matter if you have committed to Berkshire Hathaway or not, here are some of the best investing tips that are a part of my do-it-yourself operating plan program:

1. Understand what you have. Many people take this too literally. Mr. Buffett didn't have a clue about technology until he met Mr. Gates and today he is a large tech fan. Word towards the wise- when you have no idea, partner with someone who does.

2. Don't buy when other people are buying. So difficult to do but very rewarding when done.

3. Buy when everyone else is selling. This crash was the most recent big opportunity to buy more. Have you?

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4. Buy value. He doesn't ever buy on the hunch that the company is likely to grow. He buys stock in companies that curently have lots of value but aren't priced high to reflect that value.

5. Stay liquid. For those who have all your chips in, you can't make anymore bets, and you can't take advantage of opportunities as they come up. Keep cash available to invest.

6. Don't get swayed by the next "potential" Apple. Growth and fame does not necessarily mean profit.

7. Be considered a long term player. Even though you may experience lower returns compared to overall market, if you believe inside your positions and place it out you'll find consistent positive returns over a longer period.