Fine Advice for Sensible Portfolio Managers
It shouldn’t be so hard to comprehend that with many things in life, keeping it simple really is the best piece of advice. But somehow it is, or at least, too many people out there don’t follow this train of thought. Quite simply, what Roger Nusbaum suggests is to make it a “priority [to have] enough money when you need it, or perhaps more specifically giving yourself the best chance possible to have enough money when you need it.” Doesn’t sound too complicated does it? Perhaps when it comes to the stock market cycle, things get a bit stickier but the basic principle should remain the same.
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