After crossing 50 (yrs) all I need to do is understand where I’m going to loose money…those landmines that need to be avoided I need to avoid.
Need to avoid investing where I’ll be wiped out. If I have 1 Cr and I experiment with 3 to 5 L, it’s ok (though in reality, it isn’t ok). But if I do the same experiment with 25/50L, there is serious trouble.
Forget chasing unicorns, I don’t need to leverage on investing. Having to buy a new home (as income flows)? it’s ok. But there is a limit on the price of paying for the new home.
It’s about staying afloat for the rest of my life
I need to avoid complexity in money & life
I don’t need to get rich (though I will, if I had done the last 25 years right) starting at 50, but I can’t afford to get wiped out and struggle for cash flows with one or two wrong calls that I might take after 50
I’m not bothered about what the next person is doing, but I’m sure to know what I’m doing – not to go broke
I can’t afford to go broke out of cash flows or earnings or income (hopefully)
I can just look as stupid as I can, but there is no one who’s going to rescue me when I land at a place that I’m not supposed to, in the first place
I just need to SURVIVE and live at PEACE
This is my view with some clue of it 😊