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Hi Do, Here are Todd’s latest fun picks to take your financial skills to the next level... Today's update is short, sweet... and valuable.
I'm giving you just two resources this week - both on risk management as applied to financial planning.
There's very little good information about investment risk management. Few people understand how it connects to your wealth strategy.
In a nutshell, the growth of your wealth is determined by mathematical expectancy. And expectancy is best understood as probability times payoff.
That may sound like mumbo-jumbo, but the payoff half of the expectancy equation is determined by the quality of your risk management. It's how you convert all the uncertainty of investing in an unknowable future into a confident outcome. In short, it's life-changing.
Poker players and hedge fund managers understand these concepts inside-out because their livelihood is determined by it, but retail investors completely miss the boat.
Which brings us to our first resource... Poker players understand what makes my Expectancy Wealth Planning course so different from traditional financial planning in the same way they understand what separates winning poker players from losers. This interview with Maria Konnikova by The Guardian brought a smile to my face as she shared one life-changing insight after another about risk management and expectancy management - all learned from the poker table. The reason I smiled is because I regularly get similar feedback from course students. These principles are much bigger than poker or finance. It's a fundamental truth about how life works that you can apply to every important part of your life! This quick read does a solid job of providing important perspective to your financial plan. If you read this and realize you don't have an actionable plan custom fitted to your goals, interests, resources, and abilities, then my Expectancy Wealth Planning course is the perfect place to leap-frog conventional wisdom and get your finances in high gear... Onward and upward! Todd Tresidder
...Using a Simple, Scientific Investment Strategy that Controls Risk, Improves Returns, Gives You Full Control Over Your Portfolio, and Puts More Money in Your Pocket by Reducing Costs... All in Less than 30 Minutes Per Month Includes my 14 lesson education series at no additional cost. |
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