Welcome to the latest edition of the Healy Wealth Management newsletter, your monthly guide to navigating the financial complexities of your life. As a firm, our focus is on reinforcing principles that stand resilient against the ebbs and flows of market trends.
In this issue, we invite you to watch our short video in which John Healy, CFA, and Kyle Grandstaff, CFA, discuss cryptocurrencies, a good example of the differences between investing and speculating.
We’re investors, not speculators, and here’s why.
When you’re buying bitcoin, you’re not investing. You’re speculating. As Warren Buffett’s mentor, Ben Graham, would say, there’s nothing wrong with speculating. You just have to recognize that that’s what you’re doing.
With speculating, if you’re wrong, you could lose all of your money. Alternatively, you can make a lot quickly, too. And that, of course, is part of the fun of it.
Let us know what you think about our video. As always, please do not hesitate to reach out with any questions that you might have.
“A wise person should have money in their head, but not in their heart.”
-Jonathan Swift
Securities offered through LPL Financial, member FINRA/SIPC. Investment advice offered through IFG Advisory, LLC, a registered investment advisor. IFG Advisory, LLC, Healy Wealth Management, and Integrated Financial Group are separate entities from LPL Financial. The LPL Financial registered representatives associated with this page may only discuss and/or transact business with residents of the following states: AL, CA, DC, GA, KY, MD, MO, NJ, PA, SC, TX, and WA.
Securities offered through LPL Financial, member FINRA/SIPC. Investment advice offered through IFG Advisory, LLC, a registered investment advisor. IFG Advisory, LLC, Healy Wealth Management, and Integrated Financial Group are separate entities from LPL Financial. The LPL Financial registered representatives associated with this page may only discuss and/or transact business with residents of the following states: AL, CA, DC, GA, KY, MD, MO, NJ, PA, SC, TX, and WA.
