In this episode Dev covers these 13 investing truths:
👉🏾 asset allocation👉🏿 diversification👉🏻 the market is uncertain👉 understanding and managing risk👉🏼 time in the market, not timing the market👉🏽 no perfect investment strategy👉🏾 money doesn't have emotions👉🏿 market crashes can be good👉🏻 investing is not a get rich quick scheme👉 buy the haystack, be boring👉🏼 fees matter👉🏽 investing is behavioural👉🏾 start early, do it forever👉🏿 and answers a question from Lee who asks how to wind down an SMSF. We discuss the 6 steps involved
Below are the episodes that were mentioned in the chat.
051 what is an SMSF? Worth it?
075 what is financial risk?
043 40 year mortgages!! What is loss aversion?
067 what is behavioural finance?
Episode transcripts: https://bit.ly/m3meptranscripts
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