Personal Investments • 4% rule and the game

Hmmm....I guess I never thought of it as a game.

If one has a long time to live, the CDs may get called and the rates on renewala may be less, so taking that approach could miss the power of the market over time.

Yeah. I really dislike it when words like “game” and “casino” or “gamble” are used in relation to investing. Thinking that way, I think, will almost surely lead the person to underperformance and unhappiness. It’s not a game…. It’s not a casino. You shouldn’t view it like gambling. Folks should understand what they’re doing, and why. Otherwise, they will be disillusioned and ill- prepared when actual results differ from “game expectations”.

You work hard for your money. Spend the time to understand how to keep it, and how to make it grow, so that one day your money will work hard for you.

Excellent advice!

Statistics: Posted by oragne lovre — Sun Aug 11, 2024 6:24 pm — Replies 22 — Views 2783