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Tag: risk

Investing, Done Correctly, Has Risks But Is Not Gambling

Is investing in the stock market akin to gambling? It certainly carries a reasonable amount of risk. Yet, done correctly, investing in the market is not remotely gambling. For comparison, consider games of chance. The best one to play is Blackjack. If you play every...

Learning From Business Failures and Mistakes

How would you feel to learn your financial planner came close to bankruptcy five times in his life? Maybe I should have considered that question before I told the world about my business mistakes in an interview with Morey Stettner that was published July 18, 2022, in...

Political Bets Akin to Timing the Market

As an admitted political junkie, I am among the “fans” for whom a US Presidential election is similar to football’s Superbowl or soccer’s World Cup. This year, I found a way to combine my interest in politics and my competitive, entrepreneurial...

High Advisor Commissions for High-Risk Investments

Financial advisors who charge commissions are two to eight times more likely than those who charge fees to recommend risky investments. This is the finding of a survey done by the North American Securities Administrators Association (NASAA) of 516 financial firms with...

Entrepreneurial Mindset Can Hinder Wealth Building

Watch this video on YouTube “Help Wanted: Entrepreneur.” You have probably never seen an ad like this, because entrepreneurs are not hired. They hire themselves. Merriam-Webster defines an entrepreneur as “a person who starts a business and is...