7. - Deepstash
7.

7.

If you rarely sell, your portfolio will concentrate itself

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ashish7

Dreamer ☀️

I've been investing for 18+ years I've made TONS of mistakes along the way here are 10 critical investing lessons I wish I could teach my younger self:

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“I might need it some day”

One thing that stops many of us in the process of decluttering is the worry that if we sell, trash, or donate an item (we rarely/ never use), we may need it someday. 

An honest risk-assessment

Think about how much risk you are willing to tolerate:

  • If you are looking for quicker returns, you may prefer a more volatile portfolio of individual stocks, ETFs, or high-risk mutual funds.
  • However, if you want to build your portfolio for retirement or savings,...

Your investment time-frame

Decide for how long you want to invest to best evaluate your portfolio for the future.

A short term investment portfolio will likely be riskier than long term retirement portfolios.

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