Stoic Path To Wealth: Grow Money - Deepstash

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Stoic Path To Wealth: Grow Money

Stoic investors make smart, balanced bets. Most of us invest in secure funds with low returns. Investors looking at bigger returns opt for index funds. If you are okay with losing money, that does not mean that you should.

The 90/10 investing thumb rule states that we should put 90 percent of our money into stock investments in index funds with moderate to high returns. The rest of the investment money should be used to speculate on the short-term risks like currencies, Bitcoin etc, that offer a high upside.

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MORE IDEAS FROM THE SAME ARTICLE

No matter how little you earn using income-generating skills like writing, speaking, coding or managing, you can get started with investing by simply earning more than your expenses.

Stoicism is a life-survival strategy, a way to protect one’s sanity while facing the ups and downs of life. It helps us focus on what we can control and to let go of the stuff we cannot control.

Investing is about 9 percent theory, 1 percent execution and 90 percent emotion management.

We all have loss aversion, preferring to avoid losses even with the opportunity cost of gaining profits. Losing money, in fact, is a necessary rite of passage that most are not okay with.

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