The Risk Tolerance and the Risk Capacity

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I think the classic example for me was when i added reats real estate investment trust to my portfolio in two thousand seven, subsequently had a 78 % loss in the acidanivd held on and obviously added to it over the years. I lost 78 % of that initial investment because, why? Well, i was probably performance chasing. But you got to be careful. Any time you make a change, it's usually best not to touch it. And if you're doing it all the time, you're going to have that effect all the time in your portfolio. Right? Let's talk about your portfolio. Um, so i stick primarily with index funds, a broad market index funds

Our special guest this episode is Paula Pant, of Afford Anything. Some of you may know from her work in the FIRE community where is a prominent personal finance blogger and podcaster. We talk about the importance of learning your financial psychology and what drives your saving or spending habits. We discuss some great things to think about when and if you decide to invest in real estate as well as the need to live your best life now. Paula encourages that we make changes where we can to prevent burnout and increase our happiness as we work towards financial independence. She talks about the importance of outsourcing when possible and being intentional about how and where we spend our time. See the full show notes here https://www.whitecoatinvestor.com/afford-anything-with-paula-pant

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