Wise investing

From prediction markets to meme stocks to punting on the next momentum trade, so much of the noise about achieving wealth is the opposite of what we’d call wise investing. At least for ordinary people like you and me. Actually, scratch that – the same goes for many of the professionals, too. Consider the popular perception of coked-up City boys staring at banks of flashing monitors while simultaneously screaming into two phones and placing bets big enough to sink the economy – or even to blow up their $45bn AI fund. That’s not investing. It’s speculation – or Hollywood myth – and it has little to nothing to do with how you build wealth. Most rabid share traders fail to beat their do-less rivals, anyway. A word to the wise By contrast, wise investing is a long-term plan whereby you devote part of your income to buying a diversified portfolio of assets. You choose assets that have a history of climbing in value (eventually, not constantly) and in some cases that also pay you a stream of…