Personally I think a lot depends on the stage you are in your career and life before you can decide one way or the other. When you are young & single, the first option could be something you can perhaps choose. Even if you fail, you are still young and without liability- so a course correction is still feasible in the worst case scenario. For others in the middle of the career & with family responsibilities, the second option is the best. Again in you silver or golden years when you have retired & without too much responsibilities, the first option could still work. May be the best is to have a mix of both options in the mid-career.
In Investing, Would You Rather Build Skills or Take the Easy Route?
Recently, a programmer in Singapore shared his experience online after calling an electrician. The repair took just 40 minutes but cost him S$300, which translates to S$450 per hour. But look closer, high hourly pay ≠ high income.
From an investing perspective, this looks a lot like high-volatility assets.
Would you choose:
A. To upskill yourself and take on side gigs?
In investing: sharpen stock-picking ability to capture high-return stocks.
B. To stick with your main job and easy way to get stable income?
In investing: add high-dividend stocks, and reinvest dividends.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.
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