Many times we received good or bad intentional advice from our family, friends or colleagues which are peppered with conventional wisdom. Advice such as what course to study, how to study, career advice etc will always be given irregardless if you asked for it or not. The strong willed person (some say stubborn) will not be easily swayed and be able to stand up for themselves but the more easily persuaded person will tend to go with the crowd. I would like to point out certain conventional wisdom that is not so wise in investing or personal finance.

High Risk High Return

This is probably one of the most often quoted sentence in investment. In order to earn a higher return, you need to take on more risk. Even CAPM is based on beta which is the amount of systemic risk which cannot be reduced through diversification. Nothing can be ......