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Episode 3694:
Dave of Accidental Fire uses a hard mountain bike crash to make a point about investing: the activities that pay the most also carry the risk of going down. He argues that the market's occasional big crashes are simply part of the game, and that pulling your money out after one is the equivalent of quitting the sport that got you fit. Over a long enough horizon, he says, the roughly 7 percent average return is what carries you to financial independence, and the risk that comes with it is the price of admission.
Read along with the original article(s) here: https://accidentalfire.com/2023/08/29/is-investing-worth-risk/
Quotes to ponder:
"But in the end, I know the risk is worth it."
"And when the stock market is the thing that gets you to financial independence and time freedom, you can't pull your money out and quit it after a crash."
"In both examples the risk is worth the reward, trust me."
Optimal Finance Daily is a daily personal finance podcast where we narrate the best articles on financial independence, investing, saving money, and money management, read to you by a professional narrator so you can grow your wealth a little more every day.
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