Quote from: gundala on Today at 11:14:52 PM

Quote from: goldade on Today at 12:55:40 PM

Quote from: SaiyanSS3 on June 23, 2021, 02:05:30 PM

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Actually, I disagree with you. I do believe that you're right in saying that taking certain risks with money could result in a life of troubles and sorrows. I, however, also believe every successful or wealthy person today took some form of risk or the other before they made it this big.
The idea to making it is not just taking risks, it is in taking calculated risks. When you take calculated risks, then you're chances of losses are reduced to the barest minimum which is the exact opposite of taking irrational risks

if we do not consider the risk it is called reckless. reckless only rely on luck without considering many things, whether the risk can be managed properly or not that is important to try. that's a bad idea, however, we must do risk management properly, self-control well, until we know how far our safe limit is in dealing with losses. that way every step taken will be full of calculations.
there are many lucky people, but are we among them?
rather than relying solely on luck, we better learn in advance, not in a hurry, so that we can prepare ourselves to face the worst risks.

Limit is on where something you should be mindful from time to time not only limited to investment but also in other common decisions in life to be taken because when you do have this kind of behavior then you wouldnt really get easily wrecked whenever such unfortunate events would happen.Also when it comes to investment decisions then you shouldnt really have that kind of behavior on listening to others because its your money on the first place which means that you are the only ones who could make out full decisions towards your funds. Risk only on the amount that you could afford to lose.