Slow and steady wins the raceA lot of younger investors I talk to that are investing are playing crypto, the meme stocks and now of course A.I. Who wants a boring 8% dividend fund when there is so much more excitement and money to be made with the high flyers that are the centre of conversations in social gatherings?
Of course, money is and will be made there, but unfortunately most investors will get wiped out leaving them with a sour taste, many who will never come back into the market. I'll admit I have a few high risk plays too, but nothing that adds up to more than 2% of my total portfolio.
Sometimes making one bad move can wipe away 5 good moves. Life is long and in my book, slow and steady wins the race.