Finance & Fury Podcast

Welcome to Finance and Fury Today we are going to talk about how to implement an investment philosophy. It is a coherent way of thinking how you fit into your investment plan. It is a mission statement to follow when investing. It can help with understanding the types of investments you should be making, and avoid mistakes that influence your investment behaviour. What is it: Core beliefs for your investment strategy Investment philosophy vs investment strategy Why is it important? Think about your investment strategy as your purpose A philosophy outlines a purpose and helps you stick to it Benefit from long term investing Avoids making rushed decisions How to make an Investment Philosophy: How do you learn? What do you know about investments? What else do you need to know? What are active and passive investment styles? How capable are you to do it yourself? How much time do you have? Is there value with outsourcing it, and gaining a comparative advantage? What are your goals? Why are you investing? Wha