Old School - JFarrish

As we conclude another trading day I wanted to leave you with a thought…

Are you chasing wealth or are you focused on building it methodically over time? 

I ask this question in response to many conversation I have had of late with investors. There seems to be a fundamental change in the view of investors. I used to call it greed, but I am more convinced it is a matter of chasing wealth. The need to make gains quickly without respect for risk. I used to write about the “get rich quick schemes”, but now that seem to be the norm when it comes to market strategies. I may be from the old school, as my daughters tell me frequently about social media, but chasing wealth never ends well. You may post some big wins along the way, but eventually the lack of respect for risk ends poorly. Evaluate your strategy, evaluate your motives, and most importantly evaluate your purpose.

 Building wealth methodically in tune with risk is the best course of action… 
old school or not, it still works.