My grandfather thinks its better to invest only in what you know. What does Benjamin Z Miller think?
Good question.
In general by investing in what you know you have an advantage but this is often used as a crutch many investors lean on to avoid thinking because they are too lazy to learn something new.
It just indicates a lazy attitude and closed minded way of thinking. Imagine years ago people that only invested in buggies how well they ended up as the world changed. That one thing they knew was made obsolete. They would have been smarter to allow some diversification and new things in their portfolio.
Sure, don’t invest a lot of money in things that you don’t know but don’t turn into a parrot that just repeats cliches that other investors say like, “I only invest in what I know!”
Better to explore some new things and keep an open mind instead of just saying, “I only invest in what I know” while being too lazy to learn anything new.
I hope that helps and good luck with your investing!
Benjamin Z Miller
www.benjaminzmiller.com
1-817-203-4160
ben@benjaminzmiller.com
https://www.meetup.com/benjamin-z-millers-investor-networking-group/
https://www.linkedin.com/in/benmillersells/
https://twitter.com/BenjaminZMiller
-
2:33
benjaminzmiller
1 year agoIs it better to invest with a partner or alone?. What does Benjamin Z Miller think?
-
2:33
benjaminzmiller
1 year agoIs it better to invest with a partner or alone?. What does Benjamin Z Miller think?
-
32:04
The Rich Dad Channel
9 months agoInvesting in Stocks the Rich Dad Way - Greg Arthur, Andy Tanner
4.23K -
5:42
The Teen Finance Hub
9 months agoHow to Invest with Just $10
6 -
26:05
The Rich Dad Channel
9 months ago3 Reasons to Invest in the Stock Market - Greg Arthur, Andy Tanner
3.63K -
0:10
Life and Facts
11 months agoPeter Lynch on Smart Investing 9
6 -
44:18
The Rich Dad Channel
5 months agoWhy You Should Build Wealth with Stocks - John MacGregor, Anthony Eichler
3.9K -
1:33
Finance Quotables: Insights from the Best
1 year agoTop 10 Notable Quotes from "The Intelligent Investor" by Benjamin Graham
421 -
0:11
Life and Facts
11 months agoPeter Lynch on Smart Investing 11
11 -
6:56
Money Matters: Mastering Finance and Investment
6 months agoJohn Bogle's Little Book That Could: Lessons from Investing Pioneer John C. Bogle
3