Financial Investing Radio
FIR 64: Investing is like a Mini-Bike!!!
- Autor: Vários
- Narrador: Vários
- Editor: Podcast
- Duración: 0:07:37
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Sinopsis
Part of my growing up years was in California. My dad had a mini-bike that we'd get on and ride. One of the tricks to mini-bikes is they have no shocks on them...so every bump on the ground you feel all the way to the top of your head. The first time I rode it with my Dad it was a blast but it was so bumpy I thought my teeth were going to pop out. A mini-bike also has a very short wheel base, so when you turn too fast, there is a high probability you are gonna to fall over to the side. And of course we did that. Figuring out your investing strategy is kind of like riding a mini-bike. It can be a bumpy ride and if you turn too fast you can spill your assets all over the ground. 1. amount of money 2. time for return 3. time and effort you can put into managing the investment 4. risk tolerance Let's test this out on a couple scenarios; we'll start with Person 1. Person 1 works a full time job, has saved up $10,000 and has two children. Person 1 can only put in 30-60 minutes throughout a week to check on the inve