Hook

Their other posts in the index, biggest breakout first.
The real secret to investing is not expensive. You know what is expensive? Well, getting to this destination, which is wherever you want to get to over time. So, how are you going to do it with your own investments? And the whole lesson is, well, why is investing so important? Now, there are three lessons with investing, and there's the things that people get wrong. What people assume is that you can get rich quick. And if you do, you're either gambling or you're gambling and lucky at the same time. We're not going to do that. The shorter the time frame you have, the more risk you have to take. The bigger the gain you want, the more risk you have to take. We don't want to take big risks. I'm not in that business. I'm a professional hedge fund manager. I've written about this in my Financial Times columns. So, I'm not into the risk-taking business. I'm in the risk-minimization, risk-management business. So, what are the three things you can do to improve your investments? Well, of course, you could always save more, and nobody wants to do that. So, let's cross that off. You could work more years. Well, nobody wants to do that. So, let's cross that off. So, what's the third thing that's left? Well, it's more growth in your pension and portfolio, but in a risk-managed way. That means you can't reduce the timelines and try to get massive returns in a short space of time. You might as well just fling it all on a horse at 4:40 at Catterick and Hart. Instead, for improved growth, the mistake people make is they think they need a high-growth stock tip or a collection of them. And the problem with that, by the way, is that's not the answer. You need a good portfolio and then you sit back and let it do its work. You don't get panicked, you don't get bored. That's actually the goal. Get the good companies, then sit back and do nothing without working for you. I can be here because the CEO of Microsoft is working for me. But the stock's down. Does it matter? There's 39 other companies in there, one of which is up 700 odd percent. Did I know it was going to be? No. It's the ability to be calm and controlled which tells you that you must have good companies to begin with, and that's the important lesson that we need to learn with investing. And by the way, the other mistake people make is they think growth means lower fees. Well, of course, 1% in fees helps, but the major problem in British fund management industry is that the fees are coming in at a higher than that very often, and they're hidden in different layers. So, a fund manager invests in another fund of their own organization. But the other problem is you're getting about 5 to 6% investing in UK markets. That can't compare to investing in the Nasdaq 100 index tracker, which will continue to outperform the S&P 500 over the long term if it continues to do what it's historically done. Okay, but history is no guarantee of the future. So, whatever you get, make sure they're the kind of things you can let the managers of those companies run while you're here. Have a look at the link in the bio for more and to view a series of these videos, okay?