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362: Scott Trench’s Step-by-Step Guide to Building Your Perfect, 1-Page Investment Plan
BiggerPockets Money Podcast
Sixth, Investment Returns Are Not Correlative With Work
To invest, one must have capital. So I want to make sure that my portfolios, my portfolio, the future state is truly investment income. Do not confuse volatility with risk. The stock market is going to go up some years by in a lot. And in 2022, it's going to come down 20, 25%. Right. That's volatility over 30, 40, 50 years because I'd never spend the principal. Risk is not the stock market might go down 25% next year. Risk instead is I invested in bonds at 3% a few years ago, made very little and had a huge opportunity cost to investing in stocks. That's a higher risk decision for me. Best investments
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