You only have to get rich once:
"If you’ve worked hard or just got lucky and now find yourself in the top 1%, stop trying to hit home runs, you’ve already won. You only have to get rich once.
If you took outsized risk, your probably made a lot of money. But markets won’t always be really, really easy.
Why is it so hard to hold on to the money we made? Because hitting a home run on an investment is euphoric. And beyond the dopamine rush, it strokes your ego, making you feel smart. Those good feelings cloud your judgement.
Financial returns are a seductive feedback mechanism. When something you invest in goes up by a lot, you feel like a genius, and you want to experience that rush again.
And because your last bet was correct, you grow more confident, so you decide to double down on another trade. Maybe that investment works out as well, so you repeat the process again. Positive reinforcement in the form of financial compensation is one hell of a drug.
Going from $200k to $2 million can legitimately change your life. Going from $2 million to $4 million would be nice, but the marginal benefit pales in comparison to the costs of losing, say, $1.5 million on a trade gone wrong.
Investment decisions shouldn’t just be viewed as “numbers on a screen.” The risk-reward dynamic changes rapidly as the value of your portfolio increases, and you should consider what those dollars represent in your life: A home, a car, an earlier retirement, more trips with your kids, or the ability to sleep well at night knowing that you have a lucrative nest egg.
At some point, we all have a number where the risk no longer makes sense. If you’re already rich, and you keep swinging anyway, you might suffer a loss that, decades years later, you still haven’t fully recovered.
You only have to get rich once." - Jack Raines
You know I never suggest investing in AIFs and PMS. Different people have different views. You need to be an accredited investor to invest in exotic financial products. What qualifies you to become an accredited investor? What is the procedure to gets accredited? Very useful information.
🚨FLASHBACK: Imam Mohammad Tawhidi explains to D'Souza that radical Muslims are always aligned and vote for the Left because they think Liberals are stupid. They fear conservatives because they come with principles and can’t be brainwashed.
Deepak Shenoy's real estate journey is instructive.
1) His dad booked a flat in 1980. It got delayed & cost increased. He took a second loan to fund it. Got possession in 1993 - 13 years after booking.
2) His dad also had a piece of land. Some hooligan came and occupied it. Apparently the seller sold the same land to the goon and Deepak's dad. After a lengthy court case, the goon had to be paid to vacate the property.
3) After selling the land, Deepak's mom bought and apartment which she gave on rent. The tenant refused to vacate the flat for 2 years. Another court case had to be filed. Ultimately she recovered possession.
@deepakshenoy does not believe in real estate as an investment. He does believe in buying a home to live in. He said he couldn't afford the house he wanted for a long time. Hence he waited and saved up money for his dream house.
Pollution पर भी U Turn
जब आम आदमी पार्टी की सरकार पंजाब में नहीं थी तब दिल्ली में प्रदूषण के लिए पंजाब जिम्मेदार था, लेकिन अब सत्ता में आने के बाद पंजाब नहीं हरियाणा जिम्मेदार हो गया।
#KejriwalLies#KhuliAAPKiJhoothKiPol#AAPMadeDelhiGasChamber
-On camera : We don’t do religion based politics
-Off camera (to MusIims) : We need your votes to defeat BJP
I Pity those Hindus who vote for these people!
Hamas Terrorists killed the man, burnt his baby alive in an oven & kept raping his wife until she died.
What justification will the apologists give now ????
How It Started VS. How It's Going.
A Palestinian in Gaza filmed himself cheering the Hamas rockets fired into Israel, and then crying when Israel responded.