Starting The Year

Had my hair cut yesterday. Conversed with my barber, Heesun, about investing and people we know who’ve made high risk investments and been burnt, badly, and lost homes, retirement funds, damaged personal relationships. While it tends to be true that the higher the risk, the greater the rate of return, one should be acutely aware of what one could lose if the investment goes south and what the negative impact will be. Depending on one’s circumstances, invest an amount so that if one loses it, there is no hardship.