How Chasing Trends Can Leave You Broke! (Speculation vs. Investing)

There’s a big difference between speculating and investing. Speculating: A short-term strategy that involves buying and selling assets quickly in the hopes of making a quick profit, similar to gambling. Investing: A long-term strategy that involves holding assets for years, if not decades. High probability of success.

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[Snout]

I wish this one was taught at schools economic's class. Too many young people get burned due to not having financial education and chassing trends.

[vortex]

Because of resource scarcity, climat change, and geopolitical fights, I've selected some ETFs to get launched coming decade. I don't consider that speculation.

[kendarcie]

Can you please do an episode on paying a CFP a yearly AUM fee, vs paying a CFP by the hour? Better yet, calculate the hourly rate of a CFP working under yearly AUM fees?

[h]

There's a time and place for speculative investments. Usually when you're younger and don't have much to lose.