Owen Raszkiewicz
π€ SpeakerAppearances Over Time
Podcast Appearances
They're not taking into account any of your personal circumstance, situation, risk profile, goals.
star sign whatever your belief system is your religion it doesn't take into account any of that and we also highly encourage you to speak to a financial planner and make sure you read the product disclosure statement or pds if we mention things like insurance super managed funds all those things please make sure you check it out investing is risky and finance can be risky at times too so take your time and do your research
D-Y-O-R.
Yes.
Seems to cop out for a lot of people online who give crap advice, but seriously, make sure you speak to a professional if you are confused.
Okay, so we've got some great questions coming in.
Kate, I think I'm probably going to answer this one, so maybe you can ask the question.
Well, this is a good problem to have.
We don't know who this has come from, but it's a good problem to have.
So there are a few considerations here.
If you're sitting on 263% of gains, you're obviously thinking, maybe I should take some off the table now, lock in some profit.
Or you're thinking, maybe this has run its race and it's now time to move on to something better.
So there's two ways that I would approach this.
And it comes back to something called your investment thesis.
So your investment thesis is basically your reason for investing in something.
And this is what a lot of people don't do is really give time to this before you make the decision.
So most people like trigger happy, shoot first, ask questions later.
I'm not saying it happened here, but...
What we do at Rask and what we encourage every investor to do is write down your reasons for doing something in advance.
Because when things do go wrong or things start to look a bit shaky later on, you can come back to that and you'll be like, well, this is the reason that I bought it.