"I’ve taken my share of risks. Some of those risks have turned into amazing experiences, while we’ll refer to some of the others as great opportunities for learning. The key to taking risks is to keep things in balance without swinging too far toward either extreme. Don’t jump into something that involves a serious risk without at least taking some time to do a little research and think about whether you are doing the right thing. However, you don’t want to make the mistake of swinging too far toward the other extreme of over-analysing every possible outcome and missing the opportunity."

Roy McDonald
 

No Pain No Gain.

How many times have we heard this saying to describe something we really didn’t want to do?
Well guess what? Being an investor carries a certain amount of risk and with that risk can come some pain, but also some great gain. Weighing the potential reward against the risk of an investment to decide if the “pain is worth the potential gain" without procrastinating and missing opportunites is a fundamental skill in being an investor, understanding this relationship between risk and reward is paramount in creating your personal investment philosophy.