Todd PolkeInvestment Strategist l Wealth Coach l Speaker, Todd Polke · Investment Strategist l Helping Investors and Business Owners grow their Wealth Faster

Investors are like #chess masters: we always think ahead. #shorts #investing #money

28 Apr 2023 · 1 min

Watch on YouTube

0:59

In this YouTube short, the speaker draws an analogy between chess masters—who can anticipate many moves ahead—and successful investors. He argues that many investors act reactively, constantly asking "what do I do now?" instead of setting up a portfolio that anticipates opportunities and obstacles over a 3‑to‑5‑year horizon. To achieve better outcomes, he advises adopting a proactive, strategic mindset: plan several steps ahead, build a diversified and balanced portfolio that serves multiple purposes, and position oneself to navigate inevitable roadblocks and capture future opportunities.

Chapters

Now, what they say with the grand chess master is that they can actually see 17 moves ahead of the moves and the counter moves of their opponent. Now, when we start talking about investing, we need to start thinking like a chess master. We need to start thinking several moves ahead because what a lot of people make the mistake of doing when it comes to strategy is that they become reactive in their strategy. They just sit there and they go, oh, what do I do now? And then they go, what do I do now? What do I do now? They're not setting up the portfolio to actually be planning ahead to take advantage of the opportunities that may pop up in 3 to 5 years' time, but more importantly, to make sure that they can move past the roadblocks that we're inevitably going to come up against. And so if you want to create a different level of outcome, you've got to play a different money game of life. So this is where we sort of start playing the game as a chess master. We're planning several steps ahead and making sure we're setting up a diversified, balanced portfolio which is serving different purposes in a portfolio.