Sometimes, people ask me for investment advice. "Are you in the stock market? Are you an investor in any funds? How should I invest?" I don’t give advice. I follow a rule popularized by a very stubborn author:
Don’t tell me what you think, tell me what you have in your portfolio.
My objective is not to not make "high-risk" investments — "high risk, high reward" is for suckers. Instead, I work backwards from worst case scenario (make sure I do not reach the point of no return) to best case scenario.
My portfolio is not sophisticated:
- FDIC-insured accounts, cash.
- Very early stage technology startups, early stage venture funds.