Comments on: Investing Education the Hard Way: Learning From Your Mistakes

By: John

John — Tue, 01 Dec 2015 17:57:50 +0000

In reply to Kyle Stuckey. Thanks for your approach to advising, Kyle. It's good to read that some advisers are still looking out for their clients best interest!

By: John

John — Tue, 01 Dec 2015 17:56:26 +0000

In reply to Lance @ Healthy Wealthy Income. I certainly agree, Lance. Life (including investing) is often about learning from our mistakes. Even better (if possible) is to avoid mistakes by educating ourselves in advance, including learning by seeing the mistakes of others. And you're right as well that many unfortunately start too late and miss out on those earlier investing years. All the more reason to take the time to devise an informed plan that works for you as soon as possible! Thanks for your visit and comment!

By: Lance @ Healthy Wealthy Income

Lance @ Healthy Wealthy Income — Tue, 01 Dec 2015 13:16:41 +0000

I don’t think you can be a good investor or good at anything without making a few mistakes along the way. If you avoid all mistakes you aren’t using risk to your advantage at some point, but you don’t want to abuse risk to the point where you will lose everything. Got to start with what you know and work your way up. Biggest mistake is often just starting too late or not investing enough early on.

By: Kyle Stuckey

Kyle Stuckey — Wed, 25 Nov 2015 17:25:43 +0000

Great points John! This is a crazy example, but it’s amazing to me how freely people often invest in vehicles they really cannot explain or understand. As an adviser myself, I feel it’s not only my duty to invest other poeple’s money in things I understand, but also to invest only in things I have educated them to understand. I’ll hear others in the industry tell clients to “just trust me” – that’s always a bad idea! The best long-term investments usually aren’t flashy or super-complicated. As you say, following a clearly established plan in advance avoids a lot of these pitfalls.