Are you a gambler?

Are you a gambler?

One of the avenues where I add value to my clients, is in helping them see themselves rightly. For example, if a client owns an individual stock and it trades at $ 10, but they really hope it goes to $ 12 so they can sell it and make a profit, they are probably a gambler. A gambler? Yes, I tell them they are a gambler.

With no due diligence or understanding of the security and simply a cursory glance at the industry the company is in, there is no real investing going on.

When Warren Buffett buys a stock, he knows EVERYTHING about the firm and its competitors. He buys with a ‘forever’ holding period. The ordinary retail ‘gambling’ investor does not.

Don’t be a gambler. Be an investor. The best way to be an investor is to own a broad based index fund and hold it forever. This eliminates the requirement that you know a great deal about any business or industry. Want to know how to do this? Hire me and take the journey. You will leave those gamblers in the dust, and have a bunch more free time to boot.


You can't simply take my word for it

You can't simply take my word for it

Our leader is gone, but his mission continues

Our leader is gone, but his mission continues