March 30, 2022
79. Managing your Fear as an Investor
John Stoj spent over two decades as an investment banker and money manager before striking out on his own after the 2008-2009 financial crisis. Today, he mentors people through providing them with financial & strategic advice. On this episode of...
John Stoj spent over two decades as an investment banker and money manager before striking out on his own after the 2008-2009 financial crisis. Today, he mentors people through providing them with financial & strategic advice. On this episode of CFO at Home, John and Vince discuss the role that fear plays in our investing lives; fear of missing out, fear of staying the course, and more
Key Takeaways
- Fear is not a terribly good driver of any life decisions, including financial
- Be honest and clear with yourself about why you’re purchasing an investment vehicle (Stocks, Crypto, etc)
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- It the reason is for fun/speculation, there’s nothing wrong with that
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- Having small amounts of "fun" investments may help you in having the discipline you need to leave your long-term investments alone to grow
- Don’t confuse trading and investing; each can have their place in your financial world
- Passive investing does not mean that you’re not an active participant in managing your portfolio
Resources
Ways to contact/follow:
Contact the Host - vince@thecfoathome.com
