Michael Houghton: ‘In my early investing years, I was naive and impatient – a terrible combination for any long-term investor’

I chased shortcuts, took unnecessary risks, and got burned as a result. Nowadays, I take the slow and steady route

Healthy financial habits matter more than any individual investment. Photo: Getty

In early 2020, I sat in a Garda station giving a statement about an investment scam I had been a victim of. I remember feeling embarrassed as I explained to the officer how it had happened, realising too late how many red flags I had missed.

In my early investing years, I was naive and impatient – a terrible combination for any long-term investor. Two years in, things weren’t going well. I had been caught up in multiple unregulated investment schemes and had started to question everything I thought I knew about investing.

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