Simple wealth inevitable wealth (4. behaving your way to wealth (BEHAVIOR…
Simple wealth inevitable wealth
1. Finding financial advisor
help you emotionally.
useful during tough time.
from friends, recommendations,
2. Be owner, not loaner
Owner take larger risk, lender less
Owner always get more income
what the real risk isn;t
Buy equity, hold equity, the rest is commentary
risk isn't holding the equity
volatility isn't risk, it's opportunity
longest down time for S&P is 3.5 years.
what the real risk is
real risk= selling
Bond and FD are risky
4. behaving your way to wealth
BEHAVIOR makes you wealthy
THE ONLY PRINCIPLE:
buy when you have money, sell you when need money
invest consistenty every month consistently
Do not time the market! no one can!
Growing a fund portfolio:
Don't confuse active vs passive fund- it's about cost
do not overdiversity
What to do?
Choose a range of share and stick with it every month
The only thing we have to fear is fear itself