How To Lose Your Money Investing

September 27, 2019 By Jonathan Ping 1 Comment
My Money Blog has partnered with CardRatings and may receive a commission from card issuers. Some or all of the card offers that appear on this site are from advertisers and may impact how and where card products appear on the site. MyMoneyBlog.com does not include all card companies or all available card offers. All opinions expressed are the author’s alone.

Sometimes the best solution to a problem comes by approaching it backwards. Charlie Munger often spoke about the principle of inversion. Instead of looking for things that you should do to achieve a goal, make a list of things you would do to make sure you never reach that goal. Then do whatever you can to avoid those things.

Safal Niveshak offers us this related graphic in his post 5 Ways to Destroy Your Wealth. I’m always a sucker for a clever Venn diagram…

Definitely a good list. However, I would say this graphic is more focused on “How To Destroy Wealth Investing“, as I can think of plenty of other ways to destroy wealth…

Filed Under: Investing
Last updated: September 27, 2019
My Money Blog has partnered with CardRatings and may receive a commission from card issuers. Some or all of the card offers that appear on this site are from advertisers and may impact how and where card products appear on the site. MyMoneyBlog.com does not include all card companies or all available card offers. All opinions expressed are the author’s alone, and has not been provided nor approved by any of the companies mentioned.

MyMoneyBlog.com is also a member of the Amazon Associate Program, and if you click through to Amazon and make a purchase, I may earn a small commission. Thank you for your support.

User Generated Content Disclosure: Comments and/or responses are not provided or commissioned by any advertiser. Comments and/or responses have not been reviewed, approved or otherwise endorsed by any advertiser. It is not any advertiser's responsibility to ensure all posts and/or questions are answered.

Comments

  1. GenX FIRE says
    September 27, 2019 at 3:52 am

    In my younger days, I lost a lot to all of these. I made a short term bet on stocks since I thought I knew what I was doing. I had high fee brokerage and related accounts. I traded often, and thought I knew how to time the market. I didn’t. When a friend recommended this site, and then I found MMM, I started to find my way. Better late than never.

    Reply

Speak Your Mind

*