Description
In this episode Dev covers these 13 investing truths:
ππΎ asset allocation
ππΏ diversification
ππ» the market is uncertain
π understanding and managing risk
ππΌ time in the market, not timing the market
ππ½ no perfect investment strategy
ππΎ money doesn't have emotions
ππΏ market crashes can be good
ππ» investing is not a get rich quick scheme
π buy the haystack, be boring
ππΌ fees matter
ππ½ investing is behavioural
ππΎ start early, do it forever
ππΏ and answers a question from Lee who asks how to wind down an SMSF. We discuss the 6 steps involved
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Any advice is general financial advice only which does not take into account your objectives, financial situation or needs. Because of that, you should consider if the advice is appropriate to you and your needs, before acting on the information. If you do choose to buy a financial product read the product disclosure statement (PDS) and target market determination (TMD) and obtain appropriate financial advice tailored to your needs. The host of this podcast is an authorised representative of Money Sherpa PTY LTD, which holds financial services license 451289. To download the financial services guide, please visit: https://moneymoneymoney.squarespace.com/s/FSG-Dev-Raga-Personal-Finance-August-2025.pdf
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