The mindset of an individual investor and that of a savvy, ultra-wealthy investor are very different. Driven by emotion, the constant search for excitement, and being part of the crowd, average individual investors gravitate toward speculative investments despite their inherent risks and high probability of failure. In contrast, savvy ultra-wealthy investors prefer stable, long-term, income-producing […]
Monthly Archives: June 2024
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Jun
Jun
Do you invest like you’re playing a game of Whac-A-Mole? Are you constantly trying to score points by anticipating when and where the next mole is going to pop up? As is often the case, maybe sometimes you’re too early or too late and miss out on scoring a point. In the same vein, are […]
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Jun
Jun
A common misconception is that a primary residence is an asset rather than a liability. A single-family home used as a primary residence is a liability, not an asset. Just total up the monthly expenses that go into your home vs. any income it generates. As a primary residence, you’re only spending money, not making […]