Financial Autonomy

Episode 49 – Bike paths, Bitcoin, and Risk Budgets I go for a bike ride most Sundays. Wherever I can, I ride on a bike path. Often there is a road running parallel to the bike path. Very often, cyclists are on the road when they could just as easily be on the bike path. Now I understand why they do this. It’s because you can go faster on the road than on the bike path. But the thing for me is, you don’t get killed on a bike path. No cars to get under the wheel of. I know it doesn’t happen often on the road, but cyclist definitely get hit, and occasionally killed by cars. So why would anyone choose to ride on the road when there is a perfectly good bike track option? I ask because I often see the same thing with investing. People could use a low risk option and achieve their objectives. Yet they chase higher risk options. So that’s what we’ll be exploring in today’s post - high risk and low risk investment options, and when it makes sense to use each. Because I suspect that when investing, some people ride on