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What is the difference between investing and speculation? Evidence-based investment stratgies reduce risk.

What is the difference between investing and speculation? Evidence-based investment stratgies reduce risk.

Season 1 Episode 9 Published 8 years ago
Description
In my experience, novice investors can talk themselves into believing that an investment exhibits less risk than what it actually does. They think they are investing but in reality, they are closer to speculating than investing. The solution is to understand what evidenced-based investing is and how to use it effectively.
This podcast discusses the difference between investing, speculation and business - sometimes they overlap as shown below.
For more information, go to the blog page here.
https://www.prosolution.com.au/beware-wolf-dressed-sheeps-clothing/

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IMPORTANT: This podcast provides general information about finance, taxes, and credit. This means that the content does not consider your specific objectives, financial situation, or needs. It is crucial for you to assess whether the information is suitable for your circumstances before taking any actions based on it. If you find yourself uncertain about the relevance or your specific needs, it is advisable to seek advice from a licensed and trustworthy professional.

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