You know that feeling when you can’t pick what to watch on Netflix?

You sit down, ready to be entertained. You log in and start browsing. Nothing looks great. You watch a few trailers and 10 minutes pass. You feel this building pressure to pick the best show to maximise your entertainment. Eventually, you start feeling frustrated. You just wanted to watch good TV. Why is that so hard?

Honestly, that’s not too different from how it can feel when you first start investing.

When you’re presented with a range of different investment options, it can quickly become overwhelming.Credit: istock

Endless options. Every finance guru is promoting a different asset class. Robert Kiyosaki says real estate is the best asset class. Warren Buffett made his billions in stocks. But dad says the share market is like gambling. Meanwhile, that dude on the internet says money is dead, crypto is the future.

All these options are meant to offer choice. Isn’t that what we want? The freedom to choose? So, how come we just end up stressed and overwhelmed? How do you make sense of it all?

Here’s what I wish someone had told me years ago.

It doesn’t have to be the best on paper. It just has to be the right fit for you.

There’s no such thing as the best investment. There’s only the right strategy based on your personal needs, goals and preferences. If you focus on the needs of the investor first, the most appropriate strategy will naturally reveal itself.

This is because the right investment strategy for you isn’t just about returns. Returns are not even the most important consideration when selecting an investment strategy.

QOSHE - Ignore the noise, put yourself first when making money decisions - Paridhi Jain
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Ignore the noise, put yourself first when making money decisions

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13.02.2024

You know that feeling when you can’t pick what to watch on Netflix?

You sit down, ready to be entertained. You log in and start browsing. Nothing looks great. You watch a few trailers and 10 minutes pass. You feel this building pressure to pick the best show to maximise your entertainment. Eventually, you start feeling frustrated. You just wanted to watch good TV. Why is that so hard?

Honestly, that’s........

© The Sydney Morning Herald


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