How To Use The Recession To Get Rich In 2023 | Tony Robbins & Lewis Howes

Risk & Returns

Balancing risk and returns in the stock market is crucial for long-term success. Tony Robbins highlights research from JP Morgan and Schwab, showing that missing the ten best trading days in 20 years can significantly reduce returns from 8.2% to 4.5% annually 1. He emphasizes that market timing is nearly impossible and that staying invested is key to achieving financial growth. Robbins also shares insights from his work with top investors like Paul Tudor Jones, noting that market corrections are inevitable but present opportunities for significant gains 2.

   

Diversification

Diversification is essential for managing investment risk. Lewis Howes and Tony Robbins discuss the importance of building a diversified portfolio, even with small, regular investments 3. Robbins advises having a safety net before taking on higher-risk investments and shares personal strategies for saving and investing wisely. He also emphasizes the importance of staying grounded and maintaining a clear purpose, regardless of financial success 4.