Go offline with the Player FM app!
3273: What Should My Asset Allocation Be by Wanderer of Millennial Revolution on Emotions as an Investor
Manage episode 504765411 series 2394769
Discover all of the podcasts in our network, search for specific episodes, get the Optimal Living Daily workbook, and learn more at: OLDPodcast.com.
Episode 3273:
Wanderer explains why asset allocation is less about chasing the “perfect” ratio and more about managing your emotions as an investor. By starting small with a 50/50 mix of equities and bonds, new investors can build confidence, ride out market crashes, and eventually shift toward more aggressive strategies without panicking at volatility.
Read along with the original article(s) here: https://www.millennial-revolution.com/invest/what-should-my-asset-allocation-be-nervous-newbie-edition/
Quotes to ponder:
"While the cold, hard math indicates the single biggest determinant of long-term financial success is your asset allocation, in practice the single biggest determinant of long-term financial success is you, the investor."
"The great thing about this strategy is that you’ll only have $5000 in the markets when this happens, so you’re less likely to freak out."
"The trick about investing is that there’s no real trick to it. The only thing you have to watch out for is your own fear forcing you to do the exact wrong thing at the exact wrong time."
Episode references:
Canadian Couch Potato: https://canadiancouchpotato.com/
Learn more about your ad choices. Visit megaphone.fm/adchoices
4076 episodes
3273: What Should My Asset Allocation Be by Wanderer of Millennial Revolution on Emotions as an Investor
Optimal Finance Daily - Financial Independence and Money Advice
Manage episode 504765411 series 2394769
Discover all of the podcasts in our network, search for specific episodes, get the Optimal Living Daily workbook, and learn more at: OLDPodcast.com.
Episode 3273:
Wanderer explains why asset allocation is less about chasing the “perfect” ratio and more about managing your emotions as an investor. By starting small with a 50/50 mix of equities and bonds, new investors can build confidence, ride out market crashes, and eventually shift toward more aggressive strategies without panicking at volatility.
Read along with the original article(s) here: https://www.millennial-revolution.com/invest/what-should-my-asset-allocation-be-nervous-newbie-edition/
Quotes to ponder:
"While the cold, hard math indicates the single biggest determinant of long-term financial success is your asset allocation, in practice the single biggest determinant of long-term financial success is you, the investor."
"The great thing about this strategy is that you’ll only have $5000 in the markets when this happens, so you’re less likely to freak out."
"The trick about investing is that there’s no real trick to it. The only thing you have to watch out for is your own fear forcing you to do the exact wrong thing at the exact wrong time."
Episode references:
Canadian Couch Potato: https://canadiancouchpotato.com/
Learn more about your ad choices. Visit megaphone.fm/adchoices
4076 episodes
Todos os episódios
×Welcome to Player FM!
Player FM is scanning the web for high-quality podcasts for you to enjoy right now. It's the best podcast app and works on Android, iPhone, and the web. Signup to sync subscriptions across devices.