I keep getting calls from friends regarding investments.
Nearly all of them want that one stock pick on which they can Bet Big (aka all their life savings) and wait for the money to roll in.
My advice to them is the same as what Katusa writes:
Successful investing is a marathon.
It’s not a sprint.
Building long-term wealth for your family comes down to regularly making intelligent decisions that provide a good balance between capital growth and capital safety.
It does not come down to rolling the dice and “going big” on a single stock.
But frankly nobody is interested in listening to sensible advice !