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ortfolio. I am a new investor in P2P (less than 2 years) and I am having quite good returns without much effort (between 8% and 13%) depending on the platform. There is a major risk I can see for P2P which is recession behavior. Most of the platforms, loan originators, etc did not handle a recession before so in my view that will always limit its weight on my portfolio. Same goes for private equity as liquidity is really long term and the failure rate of startups is really high. Therefore, little money goes into it.</p><p id="7cd1">So now let’s jump into the percentages:</p><figure id="daab"><img src="https://cdn-images-1.readmedium.com/v2/resize:fit:800/1*2Nyi3wM91bqGDAd4q83psg.png"><figcaption>Asset Allocation June 2019</figcaption></figure><p id="91ef">So as mentioned my stock market asset class is the biggest chunk of the pie. No surprise here. I do hold different accounts for different purposes and when adding everything up <b>I have 37% of my money directly and indirectly into stocks.</b></p><p id="0b84">Then in second place is money with 32%. Why? Several reasons actually. So a <b>6-month emergency fund that covers not only my monthly expenses but also some free-float</b>. Also, I am expecting some relevant expenses on furniture and house works in the coming 6 to 8 months so I am keeping more money aside.</p><p id="cbe1" type="7">“ I had the temptation of investing the money I would need in a short time frame and I got burned so I learned my lesson.”</p><p id="752c">Also, a possible recession or a strong pull back on the stock market, are other reasons that make me hold a little bit more cash than what I would normally do.</p><p id="5d15"><b>Then are my savings with 25%</b>. Money that is not really growing that much but I get some tax benefits with a guaranteed interest rate. I could argue this is not the best ROI products but bring safety and predictability to my portfolio.</p><p id="8dea">Finally, the 2 small chunks are just a way to get a little extra on money that I call the “play money”. I take the change the chance to have higher returns for a little more risk on money that in theory would not cause an impact on my financial life. <b>But obviously losing money always has an impact on any investor.</b></p><h1 id="12d9">The Next Month Plan</h1><p id="6632">Depending on how the stock market behaves the next weeks and whether we are expecting the Fed to cut rates we might have a small rally in the stock market. On the other hand, <b>we are still under a volatile environment with all the trade wars</b>. The bond market can also be seen as s

Options

ignaling a possible recession.</p><blockquote id="eabb"><p>So I might allocate some more money into the stock market if we have a pullback on the most recent uptrend. I am also counting on the tax return money in July so this would be fully invested into the market.</p></blockquote><p id="af66">Long term I wish to allocate more money into the <b>stock market and make it at least 60% of my portfolio</b>.</p><p id="f22b"><b>What is your portfolio allocation? Let me know in the comments below.</b></p><p id="0c6b"><b><i>If you like my content, please check my other stories:</i></b></p><div id="c544" class="link-block"> <a href="https://readmedium.com/how-to-work-a-financial-plan-as-a-couple-b4893a1f2f7"> <div> <div> <h2>How to Work a Financial Plan as a Couple</h2> <div><h3>Couples that save together, get rich together.</h3></div> <div><p>medium.com</p></div> </div> <div> <div style="background-image: url(https://miro.readmedium.com/v2/resize:fit:320/0*p-wypoDSyqh32muA)"></div> </div> </div> </a> </div><div id="1388" class="link-block"> <a href="https://readmedium.com/the-1-trick-that-is-changing-my-financial-life-8d6db8b820bd"> <div> <div> <h2>The 1% Trick That is Changing My Financial Life</h2> <div><h3>“Many times we override simple changes in our life due to the many deflectors we are exposed to every single day. No…</h3></div> <div><p>medium.com</p></div> </div> <div> <div style="background-image: url(https://miro.readmedium.com/v2/resize:fit:320/0*IIPoZ5npkpkPdu8X)"></div> </div> </div> </a> </div><div id="a186" class="link-block"> <a href="https://readmedium.com/the-net-worth-mission-june-2019-8f0b98f8a426"> <div> <div> <h2>The Net Worth Mission: June 2019</h2> <div><h3>Calculating my net worth should be part of my routine.</h3></div> <div><p>medium.com</p></div> </div> <div> <div style="background-image: url(https://miro.readmedium.com/v2/resize:fit:320/0*7qHO5puXMUoZmwFx)"></div> </div> </div> </a> </div><p id="c5ed"><i>Disclaimer: I am not a financial advisor. Always do your own research when investing in stocks.</i></p></article></body>

Growth Mindset

Photo by Singkham: https://www.pexels.com/photo/clear-light-bulb-planter-on-gray-rock-1108572/

What is a growth mind set, and why is it desirable?

A growth mindset is a belief that abilities and qualities can be developed and improved through effort, learning, and perseverance. People with a growth mindset view challenges and setbacks as opportunities for growth, rather than as permanent limitations.

They believe that intelligence, talent, and abilities are not fixed traits, but can be developed and improved through hard work, dedication, and practice. They also believe that success and improvement are not solely determined by innate abilities, but also by the effort and persistence put into developing those abilities.

Research has shown that a growth mindset can have a positive impact on motivation, performance, and well-being, as it can encourage a person to take on challenges, persevere in the face of setbacks, and view mistakes and failures as opportunities for growth and learning.

So we should tell our students about ‘growth mindset’ and instruct them to have one?

Yes but… it’s not quite that easy,

Image by : u/56ab118 from: https://www.reddit.com/r/memes/comments/hpyioi/even_a_little/

Simply explaining a growth mindset is not enough to effectively develop it. It is important to provide opportunities for students to practice and cultivate a growth mindset through experiences and activities that support its development.

Practice is essential because it helps to reinforce new skills, concepts, and behaviors, making them more automatic and ingrained. When we practice, we are creating new neural pathways in our brain that support our ability to perform the task more easily and effectively in the future.

This applies to having a growth mindset as well as it does to playing the violin.

How To Help Your Your Students Practice a Growth Mindset

Facing challenging tasks that are difficult but achievable can help students develop a growth mindset. When students are faced with tasks that are challenging but achievable, they have the opportunity to learn and grow through the process of overcoming obstacles and reaching their goals. This experience can help to develop a growth mindset by showing students that their abilities and qualities are not fixed traits, but can be developed and improved through effort, learning, and perseverance.

Additionally, when students experience success in overcoming challenges, they are likely to become more confident in their abilities, and to view their mistakes and failures as opportunities for growth and learning, rather than as permanent limitations.

By providing students with opportunities to face challenging tasks that are difficult but achievable, educators can help to foster a growth mindset and support the development of resilience, persistence, and a love of learning.

Things to avoid when cultivating a growth mindset

Learned Helplessness and the things that cause it:

Tasks that are too difficult for someone can lead to a sense of learned helplessness, where the individual feels that they are unable to control the outcome and therefore, do not even try. This can be particularly damaging for students as it can lead to a decrease in their motivation and self-esteem, as well as an increased likelihood of giving up in the face of challenges.

In order to prevent learned helplessness, it is important to provide students with tasks that are appropriately challenging but still achievable. This means finding the right balance between tasks that are too difficult and those that are too easy. When students are able to experience success and feel a sense of accomplishment, they are more likely to develop a growth mindset, where they see challenges as opportunities for growth, and are motivated to continue learning and trying new things.

Work that is consistently too easy or never challenging:

When all of a student’s work is too easy for them, it can lead to boredom, disinterest, and a lack of motivation. The student may not feel challenged or engaged, and may not see the point in putting in effort. This can lead to decreased self-esteem and a decreased likelihood of taking on new challenges.

Regular Lessons need to be mindful of Growth Mindset.

If the lessons that are given to students after discussing growth mindset with them are too hard or too easy, it can undermine the progress made towards developing a growth mindset.

We don’t want to spend on lesson explicitly on growth mindset, then unconsciously spend years of school teaching fixed mindset, (weather that comes from an inability to complete work no matter how hard you try (learned helplessness) or from a lack of needing to try.)

When regular lessons are too difficult, students may become discouraged and give up. On the other hand, when regular lessons are too easy, students may become bored and disinterested, which can also lead to decreased motivation.

It is important to find a balance and provide students with lessons that challenge them in a way that is supportive and achievable. Because every moment, is implicitly a lesson on growth mindset or fixed mindset and we want to build a growth mindset and foster a love of learning.

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Growth Mindset
Fixed Mindset
Mental Health
Psychology
Education
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