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Holding Tight to Your Winners: Why "A Bird in the Hand" Matters in Investing
Key Takeaways:
Don’t only focus on how much money you could make—think about the risks involved and if the possible rewards are worth it.
Plan for things to go worse than expected. Assume you’ll earn less and might lose more to stay grounded and prepared.
Research thoroughly before investing. Make sure you understand all the important details so you can make smarter choices.
Think long-term and make careful, strategic decisions, just like how a casino knows it will win over time by being patient and consistent.
It's great to be excited about an investment, but make sure you also use logic and careful calculations to make clear-headed decisions.
Chapters:
Timestamp Summary
0:00 Invest Wisely: Value What You Have Over Uncertain Gains
1:02 Balancing Investment Risks and Realistic Expectations
1:38 Investing Strategy: Balancing Risk and Reward for Profit
3:10 Honest Betting Strategies and Conservative Estimations
3:47 Evaluating Investment Options Based on Expected Returns
4:24 Investing Is More Art Than Perfect Science
5:00 The Complexity of Valuing XRP Amidst Market Variables
7:35 Strategic Investment Decisions Using Risk and Reward Analysis
8:44 Building Wealth by Thinking Like a Casino Owner
Powered by Stone Hill Wealth Management
Social Media Handles
Follow Phillip Washington, Jr. on Instagram (@askphillip)
Subscribe to Wealth Building Made Simple newsletter
https://www.wealthbuildingmadesimple.us/
Ready to turn your investing dreams into reality? Our "Wealth Building Made Simple" premium newsletter is your secret weapon. We break down investing in a way that's easy to understand, even if you're just starting out. Learn the tricks the wealthy use, discover exciting opportunities, and start building the future YOU want. Sign up now, and let's make those dreams happen!
WBMS Premium Subscription
Phillip Washington, Jr. is a registered investment adviser. Information presented is for educational purposes only and does not intend to make an offer or solicitation for the sale or purchase of any specific securities, investments, or investment strategies. Investments involve risk and, unless otherwise stated, are not guaranteed. Be sure to first consult with a qualified financial adviser and/or tax professional before implementing any strategy discussed herein. Past performance is not indicative of future performance.
View all episodes
By Phillip Washington Jr.
4.8
2626 ratings
Key Takeaways:
Don’t only focus on how much money you could make—think about the risks involved and if the possible rewards are worth it.
Plan for things to go worse than expected. Assume you’ll earn less and might lose more to stay grounded and prepared.
Research thoroughly before investing. Make sure you understand all the important details so you can make smarter choices.
Think long-term and make careful, strategic decisions, just like how a casino knows it will win over time by being patient and consistent.
It's great to be excited about an investment, but make sure you also use logic and careful calculations to make clear-headed decisions.
Chapters:
Timestamp Summary
0:00 Invest Wisely: Value What You Have Over Uncertain Gains
1:02 Balancing Investment Risks and Realistic Expectations
1:38 Investing Strategy: Balancing Risk and Reward for Profit
3:10 Honest Betting Strategies and Conservative Estimations
3:47 Evaluating Investment Options Based on Expected Returns
4:24 Investing Is More Art Than Perfect Science
5:00 The Complexity of Valuing XRP Amidst Market Variables
7:35 Strategic Investment Decisions Using Risk and Reward Analysis
8:44 Building Wealth by Thinking Like a Casino Owner
Powered by Stone Hill Wealth Management
Social Media Handles
Follow Phillip Washington, Jr. on Instagram (@askphillip)
Subscribe to Wealth Building Made Simple newsletter
https://www.wealthbuildingmadesimple.us/
Ready to turn your investing dreams into reality? Our "Wealth Building Made Simple" premium newsletter is your secret weapon. We break down investing in a way that's easy to understand, even if you're just starting out. Learn the tricks the wealthy use, discover exciting opportunities, and start building the future YOU want. Sign up now, and let's make those dreams happen!
WBMS Premium Subscription
Phillip Washington, Jr. is a registered investment adviser. Information presented is for educational purposes only and does not intend to make an offer or solicitation for the sale or purchase of any specific securities, investments, or investment strategies. Investments involve risk and, unless otherwise stated, are not guaranteed. Be sure to first consult with a qualified financial adviser and/or tax professional before implementing any strategy discussed herein. Past performance is not indicative of future performance.
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