Testimonials Home Page
Testimonials
“Justin has proven his worth by being more than an investment advisor. He tries to bring value to every interaction and is a name to watch in this industry going forward.” - Fabiana Lara, creator of The Next Big Rush
"Justin Hayek has been my investment advisor for over 7 years. I find his market knowledge invaluable. He has helped my portfolio grow, exceeding my expectations. I will continue to take advantage of his expertise and would highly recommend him to anyone looking for a fantastic advisor!" - Chase Shymkiw, Maple Ridge, BC
Your Choice: Gamble in the Casino or Own the Casino?
Submitted by Justin Hayek on October 21st, 2015Imagine the unlikely scenario where you're given the choice between two career options: 1) trying to make a living gambling in a casino or 2) owning a casino. Which would you choose? Unless you're this guy...
Clip from: "Rainman". Source: YouTube
you're much better off owning the casino of course. Sure, as a gambler, you could win every once in a while but over the long term, the casino knows and you should too, 'the house' always wins. That's because each game is tilted in favour of the casino. A slight edge, albeit as small as it may be, guarantees that in the long run the casino will be profitable in the game.
What does this have to do with investing, you ask?
Your choices of investments resembles a roulette wheel like the below. But rather than choosing between numbers, your choices are between a universe of stocks, bonds, real estate and preferred shares. Each time you invest, you're choosing to 'bet' on a particular investment. Again, you could hit it big every once in a while but over the long term, the market knows and you should too, the market always wins.
With that being said, you would be better off owning the wheel (that is, the entire market) rather than gamble on a particular outcome. By owning multiple asset classes, be it stocks, bonds, real estate and preferred shares, you can own the entire market and put the odds in your favour. More on this here.
So stop gambling and start investing, the right way. Contact me to discuss our wealth management service.
