(Total Views: 115)
Posted On: 05/11/2017 7:08:21 PM
Post# of 2218
Rule Number 10: All Investments Contain Risks – But Not All Investments Contain the Same Risks: For all my talk about avoiding losses, the simple truth is this: If you want to grow your wealth, you have to take on risk. It’s unavoidable.
http://totalwealthresearch.com/2017/05/follow...this-year/
That’s because every investment involves risk – the only questions are how much and under what circumstances. Remember, success is not about how much money you can make, but ultimately about how much money you keep.
Put as plainly as I know how, the true secret when it comes to building up gobs of wealth is taking risk properly. Legendary U.S. Army General George S. Patton Jr., once said: “There is nothing wrong with taking risks.” But he also cautioned: “That’s quite different from being rash.”
I completely agree. Most investors actually make the problem worse by over-diversifying or spreading their money too thinly in an effort to protect themselves which means they’ll never capture the big winners they crave
http://totalwealthresearch.com/2017/05/follow...this-year/
That’s because every investment involves risk – the only questions are how much and under what circumstances. Remember, success is not about how much money you can make, but ultimately about how much money you keep.
Put as plainly as I know how, the true secret when it comes to building up gobs of wealth is taking risk properly. Legendary U.S. Army General George S. Patton Jr., once said: “There is nothing wrong with taking risks.” But he also cautioned: “That’s quite different from being rash.”
I completely agree. Most investors actually make the problem worse by over-diversifying or spreading their money too thinly in an effort to protect themselves which means they’ll never capture the big winners they crave
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