Do you remember purchasing your first home? Meeting with the bank? Going over interest rates and how much goes to just paying it? Reviewing the payment schedule and realizing how old you’ll be when it’s paid off?
Talk about a bond between you and the bank.
But when it comes to bonds and investing, I hear this: “I don’t invest in bonds. I don’t understand them.”
But you’ve been in a bond your whole life. Just turn the table around. You’re the bank.
Yes, there’re ins and outs to bonds that make experience dealing with them worthwhile, but the same is true for getting a mortgage. Wasn’t your first home a leap of faith of sorts? It was for me when I bought a multi-family.
It means the world to you as a buyer when you’re working with a realtor and a banker who you trust. The same goes for retirement investing. Trust goes a long way.
But here’s the reality, dear investor, it’s human nature to focus on areas we can’t control and get stuck in the land of indecision. What will the Fed do? Where will interest rates be in a month? What’s the probability of a recession? Will the U.S. send F-16s to Ukraine? Will China invade Taiwan? How long will the yield curve be inverted? Will the black swan swoop up poor little me?
And yet you tackled life’s most important questions. Will you marry me? Can we afford the monthly payments? What color should we paint the baby’s room? When should we go to Disney? What time is the play? What time will your mom and dad be here for dinner? What time is graduation? Are you ready to meet the in-laws? When’s the baby shower? Should we retire to Florida? Have you talked to Your Survival Guy?
Originally posted on Your Survival Guy.
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