Episode 4: Investing
Most people pull back upon experiencing pain. It’s a basic instinct.
When it comes to investing, your tolerance for uncomfortable situations can determine how successful your investment will be.
Often, the market rewards those who hold out. Those who choose to bear with the uncertainty and the ups and downs despite its unpleasantness.
Are you ready to ride the waves of volatility to reap good rewards?
Key takeaways
- Most investors zoom in on the good returns of investments but overlook the amount of volatility that comes with it
- Every investor needs to pay a fee for investing, and that is putting up with uncertainty and volatility in the market
- Market volatility is unavoidable – view it as an entry fee to investing and not a fine
About the series
What is money to you?
This exciting 7-part mini-series explores the way we think about our money. Because our relationship with our money affects every financial decision, big or small.
This includes how we save and spend – whether we pay in full or in instalments, chart our money growth, or even get that cup of bubble tea.
Interestingly, most of our decisions are driven not only by what we know, our intricate plans and calculations, but are keenly motivated by how we think and act – our moods, past experiences, interaction with external incentives, and a whole lot of other factors.
That’s why it’s so important to build the right money mindset to set you up for financial success.
About the speaker
Morgan Housel, an award-winning author of the book “The psychology of money”, is a financial writer, investor, and former columnist at The Motley Fool and The Wall Street Journal. He is currently a partner at Collaborative Fund, a venture capital company.
What’s next?
Now that you know that investing is a long-term endeavor, you might be wondering “Okay, so how long is long?”
Get your answer in the next episode!
