3313: How Not to Invest $100,000 by Chris Reining on Investing & Building Wealth
Discover all of the podcasts in our network, search for specific episodes, get the Optimal Living Daily workbook, and learn more at: OLDPodcast.com.\nEpisode 3313:\nChris Reining illustrates the pitfalls of active investing through the story of a man who lost money by constantly tinkering with his $100,000 portfolio. Reining emphasizes that the keys to successful investing are patience and viewing stocks as ownership in companies rather than mere prices. By adopting a long-term, buy-and-hold strategy, investors can avoid common mistakes and build wealth more effectively.\nRead along with the original article(s) here: https://chrisreining.com/invest-100000/\nQuotes to ponder:\n"The stock is not the company and the company is not the stock."\n"Only buy something that you\u2019d be perfectly happy to hold if the market shut down for 10 years."\n"All the research shows being an active investor is what makes you poor."\nEpisode references:\nThe Simple Path to Wealth: https://www.amazon.com/Simple-Path-Wealth-financial-independence/dp/1533667926\nLearn more about your ad choices. Visit megaphone.fm/adchoices