The most impressive low-risk, high-reward investment gains I've seen are from people with relatively high and secure income (ie., high-paying job, passive income, business, etc) and they invest their vast majority of savings into decade-winners.
Their secure and high income makes it easy to replace money they lose with bad investments and gives them more chances to find the next big decade-winner.
On flip side, I do see some who make amazing gains by taking huge risks with money that they can't easily replace. Sometimes it works out, but most of the times it doesn't.
Case in point, personally if I'm just starting out I'd rather solve an income problem rather than an investing problem since reaching higher and more secure income will allow me to take bigger risks with investing.
Low income + High-risk/high-reward investing = RISKY!
High income + Low-risk/low-reward investing = BORING
High income + High-risk/high-reward investing = Interesting
And if you add research, due diligence, deep analysis skills, etc. you can reduce risk...
Low income + Moderate-risk/high-reward investing = OK, still kind of risky
High income + Moderate-risk/high-reward investing = Holy Grail 🚀
I just finished recording some more thoughts on this topic. Video will be released tomorrow 9am PT. 👍
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