Stoicism supports living in the present. It's not worrying about what may come or what you don't have. Author Darius Foroux is on a mission to support our wealth creation the stoic way.
Darius is the author of 8 books, including his latest, “The Stoic Path to Wealth: Ancient Wisdom for Enduring Prosperity”. He writes about productivity, business, Stoicism, and wealth building.
Overview: How to Invest Like a Stoic w/ Darius Foroux
Darius Foroux reviews the following:
- Stoic beliefs and famous philosophers
- How those beliefs can make us better investors
- The pros and cons of a 100% equity portfolio
Where to Listen or Watch
Key Takeaways from Darius Foroux
Here are my top three takeaways from my conversation with Darius Foroux.
Don’t Worry About What You Can’t Control
When we’re investing for the first time or even decades into our investing journey, we can get caught up in worrying about things like geopolitical events or the US National Debt … but how much of that is in our hands really?
Outside of voting or making our representatives aware of our concerns, can we actually control any of those things?
No. We can’t.
So let’s try our best to ignore the noise and focus on our own personal economy. We can do that through automating our investments, investing in low-cost diversified index funds and staying the course.
Limit Bonds During the Accumulation Phase
Looking back, I believe my portfolio has had an over-emphasis on bonds for too long.
With decades between now and my “retirement,” decreasing volatility is not that important to me right now. I’ll take the volatility if it means the gains will be better over the long run.
I’ve endured some major dips and stayed consistent on my path to wealth. As Darius might say, my stoic investing muscle has been built up.
Given that, I’ll be reviewing my current bond allocation and adjusting accordingly.
This is not investing advice by the way. I would highly recommend meeting with a financial professional who knows your situation best.
Stoic Principles Reinforce Enduring Prosperity
While I still have a lot to learn about stoicism, I like what I’m hearing so far!
- Focus on what you can control
- Be grateful for what you have
- Presence and resilience matters
- Progress over perfection
These are all smart ways to live.
So for me, I’m going to dive into this arena more! If you’re already a fan of stoicism, please contact me and let me know if you have any books, podcasts or other resources to recommend.
In the interest of progress, I’m looking forward to learning more.
Guest Bio – Darius Foroux
Darius Foroux (pronounced as Dare-eus For-oe) is the author of 8 books, including The Stoic Path to Wealth. He writes about productivity, Stoicism, and wealth building. His ideas and work have been featured in TIME, NBC, Fast Company, Inc., Observer, and many more publications.
Until now, more than 30 million people have read his articles.
Carpe Diem Quote:
“A wise man is content with his lot, whatever it may be, without wishing for what he has not.”
Seneca
What do you think of our discussion with Darius Foroux? Do you have any questions on how to invest like a stoic?
Please let us know in the comments below.
