Unsurprisingly, actively investing is exhausting.
The Market is like a foolish little child constantly trying to one-up the adult despite the latter's advice. The Market would push this way and that regardless of the dangers that lurk behind.
Trying to predict its movements is nearly impossible, with every sway of the ticker fuelled by countless factors leading to countless possibilities.
And yet, we have pundits, gurus and analysts that try to predict it daily.
Of course, these analysts are backed up by an immense amount of data, and they should be able to predict the future. And in fact, most of them generally predict the right direction.
But what about us?
Lacking resources and expertise, many of us laymen are merely economic enthusiasts, not nearly close to becoming economic analysts.
Many of us resort to watching Youtube videos on economic updates and sometimes fall into the trap of endlessly watching financial influencers.
At best, they present us with the correct information without bias. But these financial influencers commonly provide us with biased reviews and information aimed at clickbait, generating worry and panic for views.
In the FTX meltdown, I learned that these financial influencers were puppets of a more extensive system aimed at taking the money away from us laymen. Thus, they should generally not be trusted.
I have cited their videos extensively in the past, unbeknownst to their agenda.
I enjoy their videos sometimes, but I have stayed away from their more ‘clickbaity’ videos.
Since then, I have approached my finances more passively. By investing consistently and diversifying my methods — I may discuss my portfolio in an upcoming article or so.
This reduces the chance of the Market catching me off guard.
Once technology companies were all the rave, and as quickly they rose, many are now at their lowest of lows.
Again, whatever strategies you wish to implement must be aligned with your principles.
Do you wish to take more risk for a chance of a higher return?
Or
Would you prefer a consistent, low-risk approach?
It is up to you to decide.
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