Here are some crucial insights we’ve learned over the years. We hope they save you a lot of money and, most importantly, let you sleep better at night.
PLAY THE LONG GAME:
Thinking of investing as a sprint can be a sure-fire way of getting yourself into quite the pickle.
Instead, we believe that investing is a marathon…
And yes, I know that sounds BORING but your quality of life (read: stress levels) is far more important than speculating and chasing an elusive quick-win.
That said, we also believe that risk depends on your personal internal wiring and situation in life (younger vs. older, for example).
Some of us have more years to build their wealth than others and, thus, could stomach a heavy financial loss…
And some of us have a mental framework that enables them to cope with stress better than others and, therefore, can sleep at night when there’s a lot on the line.
So although we know there’s no perfect plan that suits everyone (discuss these things with your financial advisors or investors), we choose to take the safer approach regardless.
We play the long game. We diversify (in the right assets). We set stop losses. We take emotion out of the game. We let our wealth build over time with dividend re-investment and smart real estate. We cover our butts with a little gold and silver…
And then we focus on getting just a little bit richer every day and letting our net investible wealth continue to compound and grow without stressing us out or taking too much of our time.
We hope our Stock Market Tracker & Stop Loss Alerts app is helpful for you to automatically monitor your accounts so you can spend your time doing more important things, like hanging with your family.