One day, Robert Rolih learned that his trusted investment advisors had disappeared several zeros from his portfolio and he spiraled down into darkness.
How, he asked himself, had he allowed this?
He had been a poor but bright kid from a backwater Slovenian village who’d made good. He'd struggled. Worked his way to the top. Only to see his hard-earned portfolio destroyed by fees, short-term trading, and dismal investment choices made by the very people who promised him the opposite.
But he didn’t stay down long.
“In retrospect, it was a good thing,” Rolih says calmly, and with reassuring confidence. “It was the day I took things into my own hands. It was the turning point of my life.”
Watch Robert Rolih at METAL
With the same doggedness Rolih brought to his entrepreneurial ventures, he now dug into how to invest intelligently, unemotionally… and successfully.
The result?
Millions of investment dollars to his name, a best selling book called The Million Dollar Decision: Get Out of the Rigged Game of Investing and Add a Million to Your Net Worth, and preaching his system from stages all across the world.
In fact, Rolih was named European Public Speaker Of The Year by London’s Professional Speakers Academy.
“At first, of course it was a dark period for me. I lost my motivation for work. It was terrible. Fortunately, I’m an entrepreneur so even though I lost most of my money, my business was still producing profits.”
MEET THE DEVIL, BEAT THE DEVIL
“I decided to become an expert in investing. The number one most important thing I learned is to just lower your management fees. You can save more than a million dollars alone this way over the course of your investment career. It’s a simple premise: all these ongoing fees are the real devil in the investing world. The most popular investing products are the worst ones for investors. If you just simply invest in S&P ETFs, you will outperform 95% of hedge funds. And you’ll sleep a whole lot better too.”
Second, Rolih avoids the egoistic illusion that “I am the greatest stock picker. It's very hard to pick stocks. But with the right index funds, you are investing in the biggest companies, and you will be perfectly fine. Fall in love with index funds! If you want to pick a couple of stocks for fun, you do that. I have a couple I like, such as Coinbase, which has a great CEO, good revenue and may soon enter the S&P 500, but keep the bulk of your funds in index funds.”
Third, dollar cost average into the funds. “Pick whatever interval you want, just be consistent. Always keep some cash handy, and when markets tank, or there’s some black swan event, buy more. No emotion. Just clockwork.”
Rolih points out that the overall stock market, particularly in the United States, has far outperformed almost all other investment classes, especially bonds. “Maybe I’ll buy bonds when I retire, but not yet.”
Fourth, Rolih believes that with the arrival of ETFs and institutional interest, a small stake in the big cryptos makes sense. “I like Bitcoin, Etherium and Solana. To me it’s the new gold, and to tell you the truth, I think gold has seen its day. It hasn’t moved much in ten years. And in times of war – or an alien invasion – you can’t run around carrying bars of gold. But with Bitcoin, you just need to remember some numbers and 12-24 words. You can carry millions of dollars in your head.”
Fifth, invest for the long term. "Short term trading eats up your profits with fees and it’s too emotional. People who speculate and trade the most are basically the worst investors. When investing, more effort means worse results, most of the time. Emotion is your enemy. Time is your friend.”
Rolih also puts a small percentage of his portfolio in private angel investments.
What’s his advice for teaching your kids?
“Two things. First, investing should not excite them, because the more excited you are about investing, the more they will trade, and the more they will lose. Second, and this is what I teach my own children, focus on entrepreneurship and how to make money. Then, put as much money as you possibly can into the index funds and let it ride. This way you wake up in 40 years and you’re a multimillionaire.”
Written by Adam Gilad
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