Investing vs. Speculating

Many investors today think they are “investing”. But when one looks closer at the expectations their plans and portfolios are based on, expectations that assume a continuation of abnormally high returns, it becomes apparent their plans are actually built on speculation. A solid plan is not one based on fear and/or worst case scenarios, nor should it be one based on best case scenarios or unrealistic expectations. The former you will deprive you of a life today, while the latter is likely to steal much of your joy tomorrow. Finding a balance is our goal.