The layers of the brain manifest in everyday life.
They affect our emotions.
The questions we ask.
The choices we make.
And impact our finances…
An optimist wakes up knowing things are broken.
And more will break.
But he endures, aware things will improve.
Is this you?
James Clear recently defined grit.
"It’s the perseverance and passion to achieve long–term goals".
As a graduate from the Royal Military Academy Sandhurst – this area fascinates me.
Mental toughness can be the difference between success and failure.
Financial, or otherwise.
In 2012, Vanguard Group founder John C. Bogle released a book.
In it, he urges a return to the common-sense principles of long-term investing.
So, what are they?
You can’t get away from social media.
It’s become part of modern life.
But it holds particular dangers for investors.
Managing investment risk is important at every stage of life.
But especially so in retirement.
You want to enjoy your wealth now…
But one of the biggest risks of all is running out of money.
“Any fool can make something complicated. It is hard to keep things simple.”
Said Richard Branson.
Da Vinci called simplicity “the ultimate sophistication.”
But simplicity is hard.
I see this struggle every day.
I’ve talked about them a lot recently.
They’re virtually unknown.
But likely represent a golden opportunity for any investor.
So, what’s the big deal?