added by Adaku and · updated 8mo ago
Getting Wealthy vs. Staying Wealthy
No one wants to hold cash during a bull market. They want to own assets that go up a lot. You look and feel conservative holding cash during a bull market, because you become acutely aware of how much return you’re giving up by not owning the good stuff. Say cash earns 1% and stocks return 10% a year. That 9% gap will gnaw at you every day.
But if t
... See morefrom Getting Wealthy vs. Staying Wealthy by collabfund.com
Adaku added 1y ago
G ood investing is not necessarily about making good decisions. It’s about consistently not screwing up.
from Getting Wealthy vs. Staying Wealthy by collabfund.com
Adaku added 1y ago
A plan is only useful if it can survive reality. And a future filled with unknowns is everyone’s reality.
A good plan doesn’t pretend this weren’t true; it embraces it and emphasizes room for error. The more you need specific elements of a plan to be true, the more fragile your financial life becomes. If there’s enough room for error in your savings
... See morefrom Getting Wealthy vs. Staying Wealthy by collabfund.com
Adaku added 1y ago