This is why skin in the game matters

Oct 19, 2019

Due to loss aversion, we tend to feel losses at least twice as keenly as we enjoy gains.

Mastering emotions ad the ups and down of market cycles is all part of what makes for successful investing.

For this reason, while it is smart to back-test strategies and understand historic results, learning theory can only ever get you so far.

At some point you need to have some skin in the game rather than paper-trading or making theoretical investments.

As with many things in life, the most effective way to learn is by doing (although if you can start with low-risk investments this is likely to be smart).

I discussed this a little further in the short video here

Whenever you’re ready… here are 4 ways we can help you manage your own money and go next level wealth:

  1. Boom or Bust in 2021 – 20 minute online workshop for investors

Register for my next free online training - Boom or Bust? How to change your investment plan for 2021 - book in here

  1. Subscribe to our Top 100 Podcast for Investors

 Listen in to our new podcast - The Low Rates High Returns Show - Apple Spotify , SoundCloud

  1. Join our Implementation Program

We’re putting together a new coaching case study group this month for private investors. If you’d like to get the plan, tools and timeless principles for managing your money and creating next level wealth … just send an email to [email protected] with the word “Case Study” and we'll get you more details.

  1. Work with me privately

If you’d like to work directly with me and Stephen Moriarty directly to help you map out and action your next level wealth plan… just send an email to [email protected] with the word “private”… tell me a little about your situation and what you’d like help with, and we’ll get you all the details!