The Risk–Reward Principle I Didn’t Explain Clearly in My Article on Cyclical Opportunities
If I take a certain risk, how much can I gain — and how much can I lose?
1 March 2026
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Hi, I am Richard. On this blog I share my thoughts, not investment advice. This is not a recommendation to buy or sell securities.
Where I Invest Today: Raw Materials, Real Estate, and Leaving the Stock Market
Personal finance, family, shifting priorities
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August 2025
In April, I wrote about how I am no longer as active in the stock market. And that before I can answer the question, “What should I invest in?”, I first need to ask another: “What will the world look like in 2040?”
It is not a bad question—but it is far from the only one I need to ask myself. The next is: “How do I want to live? What makes sense to me today?”
Once I answered those questions honestly, concrete steps followed.
The House I Grew Up In
The attic of the house my grandfather built. Photo taken before renovation began.
I decided to invest in improving family property—specifically, in buying and restoring a house in my hometown, Banská Bystrica. My grandparents built it with their own hands. I spent my childhood there, and today it means a lot to me that I can renovate it while my grandmother is still here.
My grandfather will not see it anymore, but I believe he would be happy. At least as happy as when I used to pick pears for my grandfather’s homemade hruškovica, a traditional Slovak pear spirit. :)
For me, this is not just a real estate investment. It is an investment in family, in myself, and in entirely new experiences.
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Disclaimer
This article is intended for informational and educational purposes only. It does not constitute financial advice, a recommendation to buy or sell any securities, or a guarantee of future market performance. The views expressed are solely those of the author, who may also be an investor. Investing in financial markets involves risk, and each reader should make their own decisions independently and, if necessary, consult with a licensed professional.
Summary
Two questions guide my decisions: What will the world look like in 2040? And how do I want to live? I reduced my stock market exposure, redirected capital into strategic raw materials, and started restoring my grandparents' house in Banska Bystrica. Not every investment is financial. Some are about identity, family, and the kind of life worth building.
If you have any thoughts, questions, or feedback, feel free to drop me a message at mail@richardgolian.com.