So, why is it wise to have a prudent investment philosophy? Ask yourself this, “Do I want to maximize the probability of success?” If you answered no, then disregard the following. If, however, you’re interested in learning a key to financial nirvana, the following steps will guide you on...

So, why is it wise to have a prudent investment philosophy? Ask yourself this, “Do I want to maximize the probability of success?” If you answered no, then disregard the following. If, however, you’re interested in learning a key to financial nirvana, the following steps will guide you on...

Do we know why the risk (or volatility) is important? If your portfolio outperforms consistently, you start thinking it will last forever.

Do we know why the risk (or volatility) is important? If your portfolio outperforms consistently, you start thinking it will last forever.

 A risk to diversification is personal biases based on our history, personal experiences, and the news we watch each day.

Without a philosophy, you’re much like a person set in the middle of the forest without a map. You can walk all day, but it may be in circles! You could stumble into a ravine that is not passable. Or spend days doing what could have taken a few...

 A risk to diversification is personal biases based on our history, personal experiences, and the news we watch each day.

 A risk to diversification is personal biases based on our history, personal experiences, and the news we watch each day.