Just because you have time on your side, does not mean that you should take more risk on the belief that you have time to recover if things go wrong. That is flawed thinking. If you take less risk, you increase the probability of achieving the return you’re targeting and you don’t need “knock-out” returns to have a successful investment experience over time. If you see a high return on offer – look for the associated risk – it will be there somewhere.
Investing should not be your form of entertainment – find another hobby! Sound investing is structured, methodical and disciplined and it’s effective.
Finally, advice is valuable but if you seek it, research it well and know that if you pay peanuts, you’ll likely get monkeys. Download to read more…
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