Welcome to the latest installment of Tech Careers and Money Talk! In this episode, we plunge into the captivating realm of investment strategies with a spotlight on "Risky Assets Investment: Following Buffett's Guidance."
When you're investing, it's important to make sure that you're not putting yourself at risk of losing money that you need for your basic necessities. This means having a solid financial foundation in place before you start investing in anything risky.
Once you have a solid financial foundation, you can start to invest in more risky assets, but it's important to do your research and only invest money that you can afford to lose.
Here are a few tips for following Warren Buffett's advice:
✅ Have a solid financial foundation. This means having an emergency fund that can cover 3-6 months of living expenses. It also means having a debt-free mortgage and car.
✅ Do your research. Before you invest in anything, make sure you understand the risks involved.
✅ Only invest money that you can afford to lose. This means not investing money that you need for your basic necessities or your retirement.
✅ Invest for the long term. The stock market is volatile in the short term, but it has historically trended upwards over the long term.
In the latest episode of Tech Careers and Money Talk, John Morrison shares his insights on how to follow Buffett's advice and invest your money wisely.
Click here to listen to the episode now: https://www.techcareersandmoneytalk.com/015-the-future-of-retail-wealth-management-a-conversation-with-john-morrison
What are your thoughts on Buffett's advice? Do you follow it in your own investing? Share your thoughts in the comments below.
