79. Managing your Fear as an Investor

John Stoj spent over two decades as an investment banker and money manager before striking out on his own after the 2008-2009 financial crisis. Today, he mentors people through providing them with financial & strategic advice. On this episode of CFO at Home, John and Vince discuss the role that fear plays in our investing lives; fear of missing out, fear of staying the course, and more

Key Takeaways

• Fear is not a terribly good driver of any life decisions, including financial
• Be honest and clear with yourself about why you’re purchasing an investment vehicle (Stocks, Crypto, etc)
• • It the reason is for fun/speculation, there’s nothing wrong with that 
  • • Having small amounts of "fun" investments may help you in having the discipline you need to leave your long-term investments alone to grow

• Don’t confuse trading and investing; each can have their place in your financial world
• Passive investing does not mean that you’re not an active participant in managing your portfolio

Resources

• The Physiology of Money
• Verbatim Financial

Ways to contact/follow:

• @Stojboj - Instagram
• @Stojboj - Facebook
• @Stojboj - Twitter 

Contact the Host - vince@thecfoathome.com