Decrying investing as “gambling” is a simplified view that ignores the financial risks we must evaluate over the course of our lives.
While it’s easy to be swayed by charismatic CEOs and well-crafted investor presentations,there’s more to look at under the hood of a potential investment.
In reality,brokers and investing platforms all do the same thing. There are far more important things to put your mind to.
Borrowing to invest is certainly a key wealth creation strategy,but it all comes down to your appetite for risk.
In a few weeks,everybody will have a fatter pay packet because the tax rates are changing. Smart money managers will put the extra to good use.
Somehow,we’ve associated ‘clever’,needlessly complex behaviours with accruing wealth. But there’s a big problem with this narrative.
Often,the biggest growth comes immediately after downturns. If you try to time the market hitting the bottom,you’re likely to miss it.
Time and time again,people have told me they want to invest in shares. My response has always been the same.
Getting on top of the basics as you head towards retirement can leave more room – and money – for the fun stuff.
Everyone is constantly searching for the magic formula,but in reality investing is a long-term game,more of a marathon than a sprint.