I would like to be greedy and have the best of both worlds— Afterall, why settle for one when you can have both.
Sticking with my main job and getting a stable income is what gives me stability to continue to have the appetite to tap on high volatile but high return opportunities. By having a steady income, i know I will always have cash flows in that will help with my retirement planning. However, the high volatility and high return opportunities are the ones that will be the catalysts that propel my portfolio.
In investing, risk appetite and risk management would be key. As I do consider myself young now with sufficient runway, I can afford to have a greater risk appetite and allocate a significant portion of my money into riskier assets with the aim of getting greater returns. However, in 20years, I would shift gear to predominantly high dividend stocks as my aim now is to have continuous funds for my retirement and there is less need to generate greater wealth at higher risk.
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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