Unshakeable Flashcards
What is the main investment strategy endorsed by Tony Robbins in Unshakeable ?
Tony Robbins endorses investing in index funds
How does Unshakeable describe the nature of investing?
Robbins describes investing as a strategic
What solution does Unshakeable offer for unpredictable market ‘winters’?
Robbins suggests dollar cost averaging as the best solution for handling the unpredictability of market ‘winters’
Why does Tony Robbins warn against mutual funds in Unshakeable ?
Robbins warns against mutual funds due to their tendency to underperform and erode returns through high fees
How does Unshakeable suggest handling inevitable market downturns?
Robbins advises maintaining calmness during market downturns
What strategy does Unshakeable recommend for diversifying investments?
Robbins recommends spreading investments across various assets for diversification
How does Unshakeable address the psychological aspect of investing?
The book counsels investors to maintain a calm and historical perspective during market downturns and emphasizes the importance of a long-term view to overcome emotional hurdles in investing.
What broader vision of wealth does Tony Robbins promote in Unshakeable ?
Robbins promotes a holistic approach to wealth that includes emotional well-being through personal growth
What is the power of compound interest as described in Unshakeable ?
Robbins illustrates how compound interest allows investments to exponentially grow over time
What is the ultimate goal of the journey Tony Robbins describes in Unshakeable ?
The ultimate goal is to transform the fear of investing into an empowering journey towards financial freedom and personal well-being
