Ndubuisi 'Andy' Egwim gives brief investing advice emphasizing Rule #1: don’t lose money, and stresses knowing your personal risk capacity before investing. He advises assessing the worst-case impact of losses given your age/stage and shares a concrete rule-of-thumb: cap startup investments at about 5–10% of investable assets.
5–10% of investable assets.
So it's really important for you understand where you are in your journey before you make any investment. Remember rule one, don't lose money. And rule two, don't forget rule one. So if you think you are 60 or maybe in your 50s or your 40s, wherever you are, understand what is your risk capacity if you lose this money? What's the worst thing that can happen? Like I told you, I invested in a startup. It's quite a bit of money. I invested in the startup. But again, I capped my investment in startups at a percentage 5 to 10% of my investable assets. And if that goes okay, that's my risk capacity. I'm not gonna do more. Okay?
