40 years of successful investing has taught me a few things...

https://embed.notionlytics.com/wt/ZXlKd1lXZGxTV1FpT2lJMFltVXdaRGswWkRZeE9UWTBaakUzWW1NMU16azFORGxsT1RJNFlXRXhNU0lzSW5kdmNtdHpjR0ZqWlZSeVlXTnJaWEpKWkNJNklsaHlaMGhqYTFVek9VNXRla3AxUjNSMVFscFlJbjA9

Be analytic and logical, not emotional. So for example:

• do not "take profits"
• do not "dollar cost average"
• do not expect past performance to be repeated
• do not believe anything to do with chartists
• do not put all your eggs in one basket
• do understand "random walk" (what goes up does probably not come down and v.v.)

Investments range from speculative to secure. Be diversified and have both.

The most secure investment in Australia is probably a government guaranteed bank deposit, or a government bond. (I have a friend who is more extreme, and holds physical gold. It used to be financial wisdom to hold 10% in gold! Now maybe 1% in crypto). In 2022 it is hard to get 1% interest. In Germany, its hard to get 0%!

Many people forget that anything else has higher risks. There is a reason Apple, government fund investments, super funds etc invest trillions of dollars at these low rates. Because they are secure.

So even bank interest is has a little risk, with UBank and Rabo etc a little more. Then there are all range of corporate bonds (loans to companies). You can get 3% at relatively low risk.

The other risk with bonds is currency if $US, and importantly, loss of value for longer bonds if interest rates rise. Since rates have been falling for years, bonds have been making capital gains for decades. This cannot continue as rates are getting close to negative (I don't know how negative they can go; -1% is feasible.) Most balanced super fund investments have benefitted for years from falling yields giving them capital gains. Not for much longer...

Next options on the risk scale are:

• Property (commercial; residential; rural; listed and unlisted)

• Infrastructure (individual or etfs [or pooled])

• Shares (local or international; individual or etfs [or pooled])

All of these classes have a massive range of risks and returns.