On today’s show, we are going to discuss how we can recognize the voice of greed, how it may impact our retirement planning journey and some of the way we can prevent ourselves from making greedy decisions.
When the market is doing great, you may be tempted to get more aggressive in your portfolio. You have to understand the market goes up and down. Being more aggressive won’t match everyone’s plan. On the other hand, if you hear of a new investment from your friend or a new segment, you probably are too late into the game to get in early. Let’s look at some other ways you may hear from the voice of greed so you know how to recognize it…
What We Discuss Today:
0:54 – Investing aggressively
4:40 – Listening to the news
7:49 – Keeping up with others
10:35 – Taking out your emergency fund
12:10 – Doing it on your own
Quotable Moment:
“You really have to understand what the risks and rewards are like… Although the market is hot it’s really important to stick with your plan. ” – Spiros Vassilakos
