Achieving Goals and Adjusting Investment Strategies

The speakers discuss the importance of recognizing when a goal has been achieved and adjusting investment strategies accordingly, using the example of a parent who continues to hold risky stocks despite funding their child's college education. They also emphasize the need to invest in productive assets to protect purchasing power and net worth, even in a fearful market. The chapter highlights the advantages of a globally diversified portfolio that includes stocks, bonds, and real assets, and stresses the importance of liquidity terms in investing.

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