Show notes
John Stoj spent over two decades as an investment banker and money manager before striking out on his own after the 2008-2009 financial crisis. Today, he mentors people through providing them with financial & strategic advice. On this episode of CFO at Home, John and Vince discuss the role that fear plays in our investing lives; fear of missing out, fear of staying the course, and more
Key Takeaways
- Fear is not a terribly good driver of any life decisions, including financial
- Be honest and clear with yourself about why you’re purchasing an investment vehicle (Stocks, Crypto, etc)
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- It the reason is for fun/speculation, there’s nothing wrong with that
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- Having small amounts of "fun" investments may help you in having the discipline you need to leave your long-term investments alone to grow
- Don’t confuse trading and investing; each can have their place in your financial world
- Passive investing does not mean that you’re not an active participant in managing your portfolio
Resources
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