No one likes to be the schmuck who invests at the peak, only to watch their investments tumble the next day. But is that worse than sitting in cash?
It may feel almost too overwhelming to think about saving a million dollars for retirement, especially when it’s still decades away.
Some decisions are more important than others. Time is of the essence and you don’t really get a second chance once you hit retirement.
“Experience is the name everyone gives to their mistakes.”
– Oscar Wilde
In 2050 the world will have a $400 trillion dollar shortfall in providing income to its old age citizens. That’s a really scary thought.
"We are more disturbed by a calamity which threatens us than by one which has befallen us."
- John Lancaster Spalding
While research has shown that passive investing makes sense for part of your stock portfolio, we think it’s a different story for bonds.
I recently tried to shop on Lazada. I typed ‘cushion’ into the search box, and it returned 963,138 items. Did I want the nautical stripes, flamingo..
You were fairly confident with your hand after the turn and you raise. Now comes the river - but you didn’t quite get the card you wanted. Rationally - you know your odds of winning now are slim, unless you think your opponent is bluffing, but with all that cash in the pot, it’s hard to fold. Playing poker is a lot like investing - it’s a zero-sum game that commands discipline and an unknown future. The best poker players and investors are disciplined and don’t let emotions cloud their judgment.