4. Protect Your Wealth (Avoid Risky Investment)
- Don’t fall for get-rich-quick schemes.
- Seek advice from knowledgeable and experienced people.
- Be cautious of investments that promise high returns with little risk.
63
583 reads
CURATED FROM
IDEAS CURATED BY
These ideas, told through the story of Arkad (the richest man in Babylon), offer timeless financial wisdom. If you follow these principles, you can build long-term wealth and financial freedom.
“
Similar ideas to 4. Protect Your Wealth (Avoid Risky Investment)
do riskier investment give higher returns?
Especially in good times, far too many people can be overheard saying, “Riskier investments provide higher returns. If you want to make more money, the answer is to take more risk.” But riskier investments absolutely cannot be counted on to deliver higher returns. Why not? It’s simple: if riskier...
How To Approach Risky Decisions
- Stop And ask why: Weigh the risk-reward ratio before taking action.
- Seek advice from someone neutral: Seek a mentor who can give unbiased advice on your plan of action.
- Winning is not enough: Achieving an end goal feels sh...
Stoic Path To Wealth: Grow Money
Stoic investors make smart, balanced bets. Most of us invest in secure funds with low returns. Investors looking at bigger returns opt for index funds. If you are okay with losing money, that does not mean that you should.
The 90/10 investing thumb rule states that we should put 90 percent...
Read & Learn
20x Faster
without
deepstash
with
deepstash
with
deepstash
Personalized microlearning
—
100+ Learning Journeys
—
Access to 200,000+ ideas
—
Access to the mobile app
—
Unlimited idea saving
—
—
Unlimited history
—
—
Unlimited listening to ideas
—
—
Downloading & offline access
—
—
Supercharge your mind with one idea per day
Enter your email and spend 1 minute every day to learn something new.
I agree to receive email updates