Invest What You Can Afford To Lose

Discussion in 'Financial Planning' started by remnant, Jul 10, 2017.

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  1. remnant

    remnant Expert Member
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    Many people make the mistake of plunging headlong into business once they get a windfall. Even with thorough research on the profitability of a business, that which can go wrong will go wrong. Its a cardinal rule that one should invest go what they can afford to lose much go the same fashion practiced by those into betting. This will leave the businessman with a winning mental attitude and resilience to see the venture succeed.
     
  2. CivilDefense

    CivilDefense Expert Member
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    Generally speaking, I would not invest directly into a new business. Wealth can be grown with a diversified stock and bond portfolio. Though certainly not risk free, it is a lot safer than putting all of one's eggs into one basket on an unproven proposition.
     
  3. overcast

    overcast Member
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    I think you can invest into some of the safe debt fund. And there is not much chance of losing the money. Just reinvest every few years or so. And that should be more than enough for you to work around. I have found that in some cases you can invest into the bank deposits which are safe. But they may not give you better returns. So you may have to adjust with that part. You can consider bitcoin, gold and land as an investment.
     
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