Australian (ASX) Stock Market Forum

Would you put all your eggs in one basket?

I have followed two old sayings from a very young age; "land, they're not making it anymore" and “don’t put all your eggs in one basket”.

I have several baskets. A couple for different share portfolios, which have done quite well. Another for property, this has been outstanding. A basket for my business, which has had some tough times but has been good for us. And a couple of baskets for risk taking.

Property and owning a business have been my best investments. However, like everything, timing is key. I entered the property market at a very low level, struggling with rental income and mortgage payments but I hung on and reaped massive gains with further risk by developing the property.

Owning a business was another risk, struggling and stressed through the process of building a client base, we came through with a stable and reliable income.

Which leads me to another old saying "Nothing worth having comes easy".
 
I have followed two old sayings from a very young age; "land, they're not making it anymore" and “don’t put all your eggs in one basket”.

I have several baskets. A couple for different share portfolios, which have done quite well. Another for property, this has been outstanding. A basket for my business, which has had some tough times but has been good for us. And a couple of baskets for risk taking.

Property and owning a business have been my best investments. However, like everything, timing is key. I entered the property market at a very low level, struggling with rental income and mortgage payments but I hung on and reaped massive gains with further risk by developing the property.

Owning a business was another risk, struggling and stressed through the process of building a client base, we came through with a stable and reliable income.

Which leads me to another old saying "Nothing worth having comes easy".
@JohnDe Exactly
 
i disagree there , but the hard yards is the way to start out , the easy bits may or may-not come later (don't count on them , but don't waste them either )

"Nothing worth having comes easy".

I suppose it depends on the individuals understanding or experience of the phrase. For me it basically means that achieving something valuable typically requires hard work, dedication, and perseverance, and it is often attributed to Theodore Roosevelt, who actually said, "Nothing in this world is worth having or worth doing unless it means effort, pain, difficulty". The common paraphrase emphasizes that significant goals demand significant effort and a willingness to overcome challenges, which I and some of my family members have experienced.
 
"Nothing worth having comes easy".

I suppose it depends on the individuals understanding or experience of the phrase. For me it basically means that achieving something valuable typically requires hard work, dedication, and perseverance, and it is often attributed to Theodore Roosevelt, who actually said, "Nothing in this world is worth having or worth doing unless it means effort, pain, difficulty". The common paraphrase emphasizes that significant goals demand significant effort and a willingness to overcome challenges, which I and some of my family members have experienced.
Similar to the "Free Lunch" easy come but not earnt and therefore not really worth anything.
Hard yards and graft are worth everything in success, rather than having it all handed on a plate.
 
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