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3313: How Not to Invest $100,000 by Chris Reining on Investing & Building Wealth

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Manage episode 438745402 series 2517163
Indhold leveret af Optimal Living Daily LLC and Justin Malik. Alt podcastindhold inklusive episoder, grafik og podcastbeskrivelser uploades og leveres direkte af Optimal Living Daily LLC and Justin Malik eller deres podcastplatformspartner. Hvis du mener, at nogen bruger dit ophavsretligt beskyttede værk uden din tilladelse, kan du følge processen beskrevet her https://da.player.fm/legal.

Discover all of the podcasts in our network, search for specific episodes, get the Optimal Living Daily workbook, and learn more at: OLDPodcast.com.

Episode 3313:

Chris 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.

Read along with the original article(s) here: https://chrisreining.com/invest-100000/

Quotes to ponder:

"The stock is not the company and the company is not the stock."

"Only buy something that you’d be perfectly happy to hold if the market shut down for 10 years."

"All the research shows being an active investor is what makes you poor."

Episode references:

The Simple Path to Wealth: https://www.amazon.com/Simple-Path-Wealth-financial-independence/dp/1533667926

Learn more about your ad choices. Visit megaphone.fm/adchoices

  continue reading

3430 episoder

Artwork
iconDel
 
Manage episode 438745402 series 2517163
Indhold leveret af Optimal Living Daily LLC and Justin Malik. Alt podcastindhold inklusive episoder, grafik og podcastbeskrivelser uploades og leveres direkte af Optimal Living Daily LLC and Justin Malik eller deres podcastplatformspartner. Hvis du mener, at nogen bruger dit ophavsretligt beskyttede værk uden din tilladelse, kan du følge processen beskrevet her https://da.player.fm/legal.

Discover all of the podcasts in our network, search for specific episodes, get the Optimal Living Daily workbook, and learn more at: OLDPodcast.com.

Episode 3313:

Chris 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.

Read along with the original article(s) here: https://chrisreining.com/invest-100000/

Quotes to ponder:

"The stock is not the company and the company is not the stock."

"Only buy something that you’d be perfectly happy to hold if the market shut down for 10 years."

"All the research shows being an active investor is what makes you poor."

Episode references:

The Simple Path to Wealth: https://www.amazon.com/Simple-Path-Wealth-financial-independence/dp/1533667926

Learn more about your ad choices. Visit megaphone.fm/adchoices

  continue reading

3430 episoder

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