The thing about opportunity is that you will know about it only when it passes you by. The gate opens now but what will happen if you enter (or if you choose not to enter) can be known only post-facto. That is how the life unfolds and there is nothing you can do about it.
But what you can do is spread your risk.
First, figure out your risk appetite.
Then enter every window of 'opportunity' that opens up within your risk band.
Some will click and some will not.
But you would have tried.
For a person who is as risk averse as I am, the goal to shoot for would be: preserve my initial investment + 14% return.
What is your goal?
Sunday, July 19, 2009
Lost Opportunities
Labels:
Becoming Rich,
Insurance,
Investment,
Opportunity,
Risk,
Risk aversion,
Risk Management
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