Dan Levitan Quotes

Never put your savings in risky investments. Only disposable income should find its way there.

I'm not a money manager, but I can tell you what the conventional wisdom is. The younger you are, the more risk you can take on.

If you are not making any mistakes, you are being excessively risk-averse. Investing involves risk, and that means you will occasionally be wrong. And although it is okay to be wrong, it is not okay to stay wrong.

My view is that one should diversify broadly across different fund investments. However, it's tough for investors to try to pick the appropriate risk level that they should manage their funds at. Having a personal adviser would be helpful.

For all your long-term investments, such as retirement accounts that you won't touch for at least ten years, you need a mix of stocks and bonds. Stocks offer the best shot at inflation-beating gains. But stocks don't always go up. That's where bonds come into play: They have less upside potential, but they also do not pack the same risk.

I might make an investment and lose some money, but that's something I can recover from.

The best argument for mutual funds is that they offer safety and diversification. But they don't necessarily offer safety and diversification.

I can't invest in areas of comfort.

Well, there's always risk in long-term investment.

Far too many of my peers were taken in by the jet-setting rock star lifestyle and didn't realise the money might not last forever - but I have always had an eye on the future and invest in a syndicate to share risk.

Trust me: I know a good investment when I see one.

Invest your money safely. Avoid the risky lure of spectacular returns; go for an investment that cannot lose its value. This is why I have put all my spare cash into buying not shares, but thousands of penny chews.

You just have to approach every day and say, 'If you were starting fresh today, what would my portfolio look like?' So that's how we think about it.

I don't think you should put all your money in one place. It must be invested in different investments.

You could lose hundreds or thousands one day on paper and gain it all back the next, and it has literally no effect on your immediate future, provided the money you have in the market is money you're investing for the long haul (meaning at least three to five years).

Always keep your portfolio and your risk at your own individual comfortable sleeping point.

We don't manage money for anyone else. We bear responsibility only for our own risks.

I have plenty of investments that I wish I'd never made. But the model is to lose money on a lot of investments and then make 1,000X or 10,000X on an investment.

There's a tendency to look at investments in isolation. Investors focus on the risk of individual securities.

I like not to feel that all my eggs are in one basket, or I get nervous.

The thing to do with mutual funds is to buy a couple of decent ones, set up an investment plan and then never, ever think about them again, except maybe once a quarter or so when you take a peek at your statements to make sure that you have not accidentally been buying the Fidelity Peace-in-the-Middle-East fund.

It is important for investors to understand what they do and don't know. Learn to recognize that you cannot possibly know what is going to happen in the future, and any investment plan that is dependent on accurately forecasting where markets will be next year is doomed to failure.

I have a million dollars in the stock market, because if I lose a million dollars, I don't personally care.

In my day job, I worry non-stop about making wise investments for long-term gains.

I create offbeat advice; I don't follow it. I rarely take third-party advice on my investments.