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Quote by Naved Abdali

“When you deposit your money with a bank, you are giving your money to the bank on loan, and your money is only as secure as your bank is.”

Quote by Naved Abdali

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“If you have invested an equal amount in Apple and 1,000 other companies at their inception and all other companies go bankrupt, you are still in profit. This is the power of unlimited gain possibilities and limited loss.”

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“Cash and bank deposits are not risk-free investments. They suffer substantial hidden risks like inflation, credit, and foreign exchange.”

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“Precious metals are a little better than cash but still a terrible investment from a long-term investor’s perspective.”

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“The most significant benefit of a diversified portfolio is psychological stability when you need it the most.”

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“In concentrated portfolios, market fluctuations are magnified. All market noises look like real events.”

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“It is a misconception that diversification will magically reduce the losses. It cannot be far from the truth. Diversification does not reduce losses but provides a weighted average return of your portfolio.”

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“Wait for the price to come to your desired level, and then buy it. If it goes down further, buy more.”

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“Buying a mutual fund or ETF does not automatically make you a passive investor. If your mutual fund is actively managed, you are an active investor.”

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“After I was settled, I walked down the hill and came to a place with fine gardens inside a high metal picket fence, and as the gate was open I went in. It was the Bahai Temple. It was the Main Office of International Bahai, a very nice religion without much of an image, with no hero, or at any rate no hysterical hero, no big show-biz trial, no fancy parables, no crucifixion, just a man who sincerely believed there was a nice way for everybody to live.”

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Book:Places Where I've Done Time

Source: Places Where I've Done Time