Gen One Legacy

How to Be a Prudent Speculator

Peter Donisanu

Being a prudent speculator is like trying to "act natural", or being "clearly confused", or listening to the "deafening silence".

They're all things that typically don't go together.

Even so, it is possible to become a prudent speculator if you approach it the right way.

And why would you want to be a speculative investor?

Certainly, don't we all know that disciplined investing is the surefire way to achieving and maintaining financial independence?

Well, let's face it: For many of you out there, taking big bets is what's allowed you to achieve the level of success in your career or business that you're living today.

Indeed, you know all too well what it feels like to go all-in on yourself, and to see those efforts rewarded in many multiples of your initial time and financial outlay.

Now, while it's true that you've likely experienced some big professional wins in the past, a common mistake that many high achievers make is to extrapolate expertise in one domain by trying their hand at beating the markets.

And you know, all too often, this move rarely works.

That's because, all it takes is one wrong move in the markets, and you could see your years of hard work wiped out in short order, which is why a disciplined investment strategy works for the long-term.

Even so, if you're going to try your hand at speculative investing, there is a way to have your cake and eat it too, so long as you approach this act from a place of self-knowledge, order, and prudence.

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